Housing Sales Slow at the Top

For the last year median home values have surged. This gave hope that the housing market might be close to a bottom. As banks stopped making loans to people with poor credit or financial means it shrunk the market for affordable homes. Homes on the higher end still continued to sell. But reports now show the median home value is falling Median price of homes seen falling: report. This means sales for homes on the high end are now slowing faster than those at the bottom. Those with good credit and who can afford 5% down are either not buying or they are buying less expensive homes. So far the market has been slowing from the bottom. Now the top is coming down.