Home buyers around the greater Daytona area continue to find themselves in bidding wars and local sellers are still seeing offers at or above list price. But that's about to end.
Major news outlets are reporting that hot housing markets in areas like California, Seattle, and Texas have slowed dramatically and the numbers are headed toward what a Bloomberg article recently called the "broadest slowdown in years."
"This could be the very beginning of a turning point," Robert Shiller, a Nobel Prize-winning economist known for predicting dot-com and housing bubbles, told Bloomberg in an interview.
Nationally, home sales have dropped for the past three months and new home purchases were moving at the slowest pace in eight months,…