The combination of higher interest rates and low inventory is causing weakness in the housing market.  The economy is strong and the job market is strong, so home buyers may be waiting until the spring market to pursue a new home.  Here is the article:

https://www.cnbc.com/2018/02/28/pending-home-sales-drop-4-point-7-percent-to-lowest-point-in-nearly-4-years.html

Home Sales Hit Lowest Point In Nearly 4 Years
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