Maybe.

Housing starts are down, more than expected.

Just anecdotally, we’ve had several houses on our street for sale for months, and they’re not moving. One house down the street was on the market for almost seven hundred thousand last fall. It’s now for sale by the owner. He had marked it down to six something. Yesterday I noticed that the sign said “price reduced” and the flyer no long had a price.

I also noted that Zillow has dropped its estimate of our house in east Boca Raton over the past few months, by about ten percent.