In Midwest, USA - Housing was Booming last year and in the spring, it was a sellers market . . . but, then something happened . . . I started seeing 'sale pending' and then back on the market... seems like banks were not accepting the offer price and appraisals were lower than expected. . .
It looked to me like banks were putting the brakes on loans, while quoting low interest rates. The result was actual sales dropped.