I see the signs on the wall of a slowing economy, but I'm not seeing a huge drop in prices at least in NYC. What is everyone seeing across the country?

Tell that to the Federal Reserve.

In SFH, seeing sellers reduce their asking prices to garner interest but not by much. ie...$975k to 950k. In general, it has definitely started flat lined at the least.

Things are slowing down in some markets like LA, LV, AZ, Dallas, Seattle, Denver, but the slow down hasn't equaled price drops per say. Take LA, homes priced correctly are still selling within 35 days. Appreciation has slowed, the market has neutralized, but I don't see any reversing yet. Not a crash. The craze over the past 5 years is definitely cooling off. The bond markets are scary, so is the stock volatility, and while not all RE locales have recovered to pre-crash levels, for all intents and purposes, I believe we are at the top of the market for most major areas. Detroit I believe, has a long way up to move yet. We will see what happens. If the economy hits the rocks, so will the RE recovery

I have a friend who flips over 600 homes in Vegas each year. HE is doing great and still kicking ass. He is seeing the newbies get creamed already. He is warning for newbies to leave it to the pros at this point. I trust him because he doesn't have or fear any competition out there. He just tells me like it is.

@Roger Roth if your able to buy in a city where rent is around 30% or less of the median income there is typically room for growth still. I'm basing this off markets i'm invested in and NYC is not one of them.

@Garrett Diegel I am no help there as I don't buy and hold. We do half dozen flips a year here and the one I finished 2 weeks ago is already sale pending. Lower price points under 300k in starter owner occ areas. I think now that investors have cooled down its giving homeowners a chance to actually buy a starter house they are not having to make over bids and or get beat out by cash buyers. this is good.. folks need to be able to buy that first home without being under a ton of stress through the process.

Northern CO area. Prices are softening, and homes are sitting longer than earlier in the year, but DOM is still ridiculously low. 30-60 days. Homes are no longer selling for above asking, but they're not seeing much discount. 1-2% maybe.

Not seeing a slow down in Atlanta or Detroit. I expect that we are closer to the peak in Atlanta, but it will be fragmented. I think Beltline will keep buzzing along. Detroit is ramping up.... no slow down here

In Las Vegas, properties below $200k are still going up. Same floor plan Townhouse that was sold for $180k in Dec 2017, is sold at $235k in Dec 2018. Same floor plan condo that was sold for $125k in Aug 2018, is sold at $145k in Nov 2018. Is the price slowing down?... Not the properties below $200k...

Great thread. Cool to see so many perspectives across the nation. Tacoma area of WA is holding pretty steady except for highend homes. The 200-300k range that fits most first time buyers in the area is seeing higher DOM. I'm also seeing a lot of price adjustments but this is coming more from people overreaching rather than losing value. Also of note, this is winter and seasonality does affect home purchases. I'm anticipating a steady year with some price jumps in April-July in my market but not major.

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