3 signs that American homebuyers are solving the housing crisis by refusing to pay crazy prices

Source: Business Insider — 

One question is plaguing prospective homebuyers in this red-hot housing market: When will prices start coming down? But the cure for high prices is high prices, to paraphrase a famous saying from the commodities world.

There’s evidence that buyers are providing the cure, staying away from the high prices and cooling the market by collective action — or inaction.