Real estate reality check: 'The honeymoon is over,' says California housing analyst

It may not feel like it outside, but the housing heat wave is cooling off. "I think it’s ironic because a few years ago Sacramento was the hottest market ever and now we’re making the opposite side of the list," said Ryan Lundquist, housing analyst. On that list compiled by Redfin, Sacramento is ranked second in the nation to be the fastest cooling housing market.