Real Estate Potpourri

Rates edged down a bit with the 30-year fixed at 6.23 percent.

Placer County inventory of homes for sale increased to 3,416 as of July 24, up from 3,263 on July 1.

Mike Lyon of Lyon Real Estate says only one in seven homes in El Dorado, Placer and Sacramento counties is priced to sell.

The National Association of REALTORS reported June was the third straight month of slower sales nationally. The annual rate of 6.62 million in June compared with a 6.71 million pace in May and the pace of sales is now 9 percent lower than levels posted this time last year.

Realtors are using all sorts of terms to describe the changing real estate market. Today, NAR released its home sales numbers and said the market was "down modestly". We have also heard: "balanced, modulated, stable, level, cyclically corrected, even, buyers' opportunity, still healthy, temperamental, ready-for-you...."Of course, no one wants to say, it is a declining market.

What code words have you heard to add to our changing real estate market lexicon?