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>The Most Splendid Housing Bubbles in America Shrink - Wolf Richter - 
The rise in interest rates has likely taken the wind out of the sails of the housing market. It has not yet become a headwind, but things have gone slack.

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Beginning of the headline :Seattle house prices drop 5.1% in five months, most since Housing Bust 1; San Francisco Bay Area, Los Angeles, San Diego, Denver, Portland all decline. This is the most obvious one: Seattle. House prices in the Seattle metro dropped 0.7% in November from prior month, according to the Case-Shiller Home Price Index released this morning. It brought the index down 5.1% from the peak in June 2018, the biggest five-month drop since the five-month period that ended in January 2012 during the final th... Read More
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