A report from the Idaho Statesman. "Home buyers saw some relief in September. Existing-home prices fell 3.3 percent to $290,000 from $299,950. 'We’ve been talking about the drop in existing inventory literally for years now, but what’s interesting about today’s market is that we’re seeing more and more new-construction sales,' said Gary Salisbury, president of Boise Regional Realtors."

"In neighboring Canyon County, the downward trend continued overall, IMLS reported. Overall median prices again fell, down 4.3 percent to $220,000, while the medians for both existing homes and new construction fell too. 'I see Boise as having really health growth right now,' said Mike Turner, owner of Front Street Brokers. 'It’s not frenzied, and that’s good.'"

"There are signs that the housing market may be tempering. Turner thinks that may be in part due to federal interest rates rising. 'Interest rates have kind of done their job,' he said. 'I don’t foresee, though, that it’s going to ultimately negatively impact our market. I think it will help moderate it.'"

From Mansion Global on California. "Feverish home price growth in Silicon Valley—where the average home has more than doubled in value since 2011—has finally shown signs of breaking. Santa Clara County saw a surge of more than 3,000 homes hit the market in September and October, according to data Compass culled from Realtor.com and the multiple listing service."

"It’s an unusually high number of new listings for September-October and the most during that time frame in at least four years, according to the market report from Compass. The boost to inventory is 'giving buyers more choices and lessening the competition,' wrote Patrick Carlisle, chief market analyst."

"Santa Clara had one of the highest rates of buyers paying over the asking price in the nation, with the average home selling for an 11% premium, according to Compass. In October, the average home got a very slight discount for the first time since early 2017. And more homes are failing to find a buyer and expiring off the market—a sign that buyers won’t accept the phenomenal asking prices seen in Silicon Valley."

"'We will see if there are substantial further increases in November and December of homes that sellers have not been able to sell at the prices they currently consider acceptable,' Mr. Carlisle said. 'One of the clearest indicators of a shifting market is a growing disconnect between buyer and seller expectations.'"