The Detroit News. With sales slowing, you'll probably have a better choice of properties and may be able to work out a good deal.
Real estate follows national economic trends but also has a strong local component.
In some areas of the country your house may sell the first week it's on the market. Current job layoffs, coupled with lower consumer confidence, usually lead to fewer purchases of big-ticket items like a house. Even high-end buyers are suffering, according to First Republic Bank in California, which tracks luxury properties in the state. Large price jumps have disappeared and some properties sit on the market longer, but luxury homes priced right still sell quickly. Pricing a house right, especially in a slowing market, is key.