The housing market has turned in the past few weeks. We're probably looking at a cooling-off period rather than something nastier, but both possibilities lead to the same conclusion for would-be homebuyers: Be patient. It makes more sense to wait to see how much the market will loosen rather than rushing in now at the first sign of improvement. Buying conditions are likely to be more favorable in a month or two than they are today. It was mortgage rates that finally broke the fever.
Read the whole thing. A Wake-Up Call for Public Education — Michael R. Bloomberg The Virtue Bubble Is About to Burst. Good Riddance. — Allison Schrager US Farmland Is a Hot Commodity. That's Not Great for Farms. — Adam Minter Australia Sends a $7.5 Billion Cyber Signal to China — Tim Culpan Federal Reserve's Mild Inflation Forecasts Need Explaining — Bill Dudley Sheryl Sandberg Is Leaving Facebook at a Perilous Moment — Parmy Olson Is the Great Sri Lanka Fire Sale About to Begin? — Ruth Pollard Are Workers More Productive at Home? — Justin Fox Saudi Arabia's Chief Oil Whisperer Spills Some of His Secrets — Javier Blas Here's what we've been talking about this week. This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion published this week based on web readership. | 
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