Real estate markets nationwide are seeing a slowdown in completed transactions on existing-home sales. This is common across the single family, townhome, condo and co-op market. All of which declined 3.4% in September over August, and were down 4.1% year over year. Part of this is because affordability continues to be a challenge with home price growth outpacing wage increases. We’ve reached a level of unaffordability in certain markets and prices have shot up far above what household incomes have gained in the same time period.

The article is written by Caroline Feeney for Forbes. You can read the full article here.