A report from the Nashville Ledger in Tennessee. "'I don’t want to appear desperate' is how sellers often respond when their listing agent tells them their house is not selling because the price is too high. Here’s what buyers really think: 'The price is too high, and I’m not looking at overpriced houses.'"

"When a seller reduces the price, buyers think the seller is reasonable or perhaps becoming aware of the reality of the market. They don’t think 'desperation.' If a seller offers a $1 million property for $500,000, buyers would not think the seller is desperate. The buyers would think they should buy the house. There is rarely an evaluation of a degree of desperation on a price reduction."

"Larger home sales continue to sell well in the Nashville market. The home at 1019 Stonewall entered the market at $4 million last May and closed last week for $3,810,000."

From New Orleans City Busines in Louisiana. "The single-family housing market is moving from a trend of record-setting prices of homes a few years ago to one where prices are decreasing at certain ranges, according to business leaders and economic experts who gathered at Loyola University."

"Bill Bliss, managing broker of Latter & Blum’s Lakeview office, said the New Orleans area is currently experiencing a neutral market, meaning it is neither a buyer’s nor a seller’s market. It is also a market that is in transition."

"Bliss said unit sales and prices are decreasing while available inventory is increasing. That’s a contrast from 2016, when unit sales and prices were increasing while inventory was decreasing, which is termed a 'peak' phase. 'There will also be downward price pressure because the buyers have choice,' he said."

"Bliss predicted this trend would continue in the luxury housing market and start to trickle down to properties in other price points. He said prices are flat and will start to slowly decrease. Affordability is the biggest factor in this shift. 'By next summer, we’ll know a little more where this market is headed and how long the duration of this will last,' he said."

The Houston Chronicle in Texas. "After several months, Angelina Keck’s $2.4 million listing in the Memorial area found a buyer. The deal was set to close later this month until Tuesday, when Keck, of Angelina Keck Properties, got a call Tuesday from the buyer’s agent telling here the deal was off."

"In the time since the contract was signed, mortgage rates had risen from 3.5 percent to 5 percent, putting the home out reach for the buyers, who hadn’t locked in the rate quoted by their lender in September. 'They said they can’t do it,' Keck said. 'Everyone’s sick about it. These people loved this house.'"

"In Houston, analysts say higher interest rates may have contributed to the region’s first year-over-year drop in home sales since March. September sales fell 6 percent from a year ago, the Houston Association of Realtors reported."

"Jim Gaines, chief economist at the Texas A&M Real Estate Center, said that even with the dip last month, Houston-area sales are up almost 6 percent year-to-date and are expected to beat last year’s record come year end. Prices, too, should come in above 2017, although the increases have begun to slow."

"Keck, who sells luxury homes, isn’t as optimistic. 'I think there are going to be a lot more houses sitting on the market,' she said. 'We’re going to have a lot more frustrated sellers.'"