Why are major housing markets going haywire?

Hot markets slowing down, slow ones speeding up

Whereas some of the hottest markets would appear to be slowing down, some of the markets seem slow to recover may be heating up, according to Trulia’s Fastest Moving Markets Report.

Overall, homes sales are moving faster than last year as 66.6% of homes are still on the market after 30 days, down 1.2% from last year, according to the report. More specifically, 63.4% of starter homes and 59.8% of trade-up homes are still on the market after a month, which is down 2.1% and 3.1% respectively from last year.