Asking Prices Resume Downward Trend; Summer’s Glow Gone?

"Asking home prices resumed their downward trending in August, portending the end of a likely small seasonal bump in prices, according to a report released Thursday by research firm Altos Research and market analysis specialist Real IQ. The data, an early indicator of actual selling prices, suggests that sellers are again dropping their asking prices after a few months of some markets seeing month-to-month increases."