Some of the hottest housing markets are falling hardest, as bidding wars bid goodbye

Home sales have slowed to a crawl nationally, and it's not just the winter temperatures. The market's pulse has become weaker, especially in areas that were hottest just last spring. In November, just 32 percent of offers written by Redfin, a real estate brokerage, saw multiple offers. That is down from 45 percent in November of last year.