A report from the SCTV News in California. "While still a sellers’ market, the inventory of homes and condos listed for sale in the Santa Clarita Valley increased for the third consecutive month, rising to its highest level since September 2014, the Southland Regional Association of Realtors reported. The MLS operated by the Association had 699 active home and condominium listings at the end of August, an increase of 31.1 percent over a year ago for the third consecutive double-digit monthly increase."

"It’s been 47 months since the inventory was larger. 'What’s clear now is that the market is morphing, changing, as more listings combined with affordability issues give buyers a few bargaining tools,' said M. Dean Vincent, chairman of the Santa Clarita Valley Division of the Southland Regional Association of Realtors. 'We’re a long way from a buyers’ market, but anything that eases pressure off prices is welcome news.'"

"'A continued increase in active listings combined with slower sales and affordability limits make the market feel like it’s in transition,' said Tim Johnson, the Association’s chief executive officer. 'If those trends continue, buyers—even buyers with traditional financing and not all-cash offers—may have a fair shot at owning a home, while sellers may have to moderate their asking price.'"

From CBS Los Angeles in California. "With more and more home sellers dropping their prices, one homeowner in Costa Mesa went with a different tactic to entice interest in a Costa Mesa condo: throwing in a white Tesla Model 3."

"The owner of a $1.4 million condo, located between Costa Mesa’s Fairview Park and Talbert Regional Park, is hoping the luxury electric car will sweeten the deal for anyone interested in his listing, according to the Orange County Register."

"Real estate website Redfin found earlier this month that increasing number of home-sellers are dropping their prices, even in the hottest markets. As for the Costa Mesa condo, the Tesla it comes with was purchased in May, and has less than 5,000 miles on it."

The Houston Chronicle in Texas. "Home foreclosures often conjure images of dilapidated tear-downs, or houses in severe need of repairs and renovation. However, the Bayou City is teeming with turn-key ready, luxury properties under foreclosure from the suburbs to River Oaks."

"Some experts claim there's a national increase in foreclosures again, the first time since 2015. That's especially true in markets vulnerable to natural disasters, including Houston."

"'We all know how catastrophic Harvey was and how incredibly resilient our community has been, so HAR has taken great care to gauge Houston's August housing market performance as accurately as possible given the data distortions caused by the disaster,' said HAR Chair Kenya Burrell-VanWormer . 'We will likely see similar distortions in the September numbers, as Harvey's effects lingered, however current market conditions are healthy.'"

The Cape Gazette in Delaware. "The housing market has been anything but normal for the last eleven years. Two things have just occurred that are pointing to the fact that we may be returning to a more normal market."

"1. Listing Supply is Increasing. Both existing and new construction inventory is on the rise. The latest Existing Home Sales Report from the National Association of Realtors revealed that inventory has increased over the last two months after thirty-seven consecutive months of declining inventory. At the same time, building permits are also increasing which means more new construction is about to come to market."

"2. Buyer Demand is Softening. Ivy Zelman, who is widely respected as an industry expert, reported in her latest ‘Z’ Report: 'While we continue to expect a resumption of growth in resale transactions on the back of easing inventory in 2019 and 2020, our real-time view into the market through our Real Estate Broker Survey does suggest that buyers have grown more discerning of late and a level of 'pause' has taken hold in many large housing markets.'"

"'Indicative of this, our broker contacts rated buyer demand at 69 on a 0- 100 scale, still above average but down from 74 last year and representing the largest year-over-year decline in the two-year history of our survey.'"

"Bottom Line: Returning to a normal market is a good thing. However, after the zaniness of the last eleven years, it might feel strange. If you are going 85 miles per hour on a road with a 60 MPH speed limit and you see a police car ahead, you’re going to slow down quickly. But, after going 85 MPH, 60 MPH will feel like you’re crawling. It is the normal speed limit, yet, it will feel strange."

"That’s what is about to happen in real estate. The housing market is not falling apart."