In Midwest, USA builders have lots to sell for new construction and they remain available. Only 4 houses stand on a new subdivision that can have about 3 dozen homes.
The housing market seemed like a sellers market in the spring. However, by June the market turned. Several homes for sale posted 'pending sale' a couple of times and the homes never sold.
I have suspected that home buyers are not getting these homes because the mortgage company is getting appraisals higher and expecting buyers to pony up more of a down payment. Basically, banks making it harder to get a loan.
That's my observation from Midwest, USA.

• @goldkey

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