I was browsing trulia.com today and it seems like a number of markets are reaching lows in home sales. Sales are seasonal of course, but this pace of sales seems much lower than the same period in the past few years. If this persists into the summer sales season, I could see a slowdown occurring in the second half of 2014. Presumably this is happening because we're coming off of historically low interest rates that propelled prices to near previous bubble peaks. If wages haven't caught up yet and past bubble prices were too high I suppose things could get more sluggish. I wouldn't think the economy will reach crisis levels again because banks seem much more insulated this time around.

Thoughts?
http://www.trulia.com/real_estate/Ph...market-trends/
http://www.trulia.com/real_estate/Se...market-trends/
http://www.trulia.com/real_estate/Lo...market-trends/
http://www.trulia.com/real_estate/La...market-trends/