“We’re seeing the effects of a long, sustained run-up in prices and month-over-month home sales and the market may be moving past the days of immediate sales, multiple offers and bidding wars on virtually every property. That’s OK. The October dip in sales, especially after such a busy September, is a step toward a more balanced market and was somewhat overdue." --Nick Bailey, President of RE/MAX LLC, Denver.

Apartment rents increased nearly 13 percent nationwide over the past year--the highest rate in at least two years--but growth slowed slightly in October, reports from Redfin and RealPage said.