A report from D Magazine in Texas. "For a while now in Dallas, water cooler or bar-side conversations with new homeowners have sounded the same: the process took forever, their first and second and third choices were snapped up by people who paid over asking, and eventually they learned to work fast and bid aggressively on the homes they really wanted. But, according to the Wall Street Journal, a different story is starting to emerge—particularly in some of our region’s booming suburbs."

"In a piece out this morning, the WSJ hones in on Collin County to explain a national slowing of the housing market alongside an otherwise strong economy."

"More: 'Yet even with the booming growth, Dallas’s once vibrant housing market is sputtering. In the high-end subdivisions in the suburb of Frisco, builders are cutting prices on new homes by up to $150,000. On one street alone, $4 million of new homes sat empty on a visit earlier this month. Some home builders are so desperate to attract interest they are offering agents the chance to win Louis Vuitton handbags or Super Bowl tickets with round-trip airfare, if their clients buy a home. Yet fresh-baked cookies sit uneaten at sparsely attended open houses.'"

"A lot of this has to do with just how quickly prices have grown in recent years. Or, as the WSJ says it, the degree to which affordability has gotten 'out of whack with historic norms.' At a median price of $235,000, a house in Dallas costs up to 50 percent most than it did in 2007."

"The WSJ talked to a couple who bought a house early this year when the market 'felt extremely hot,' and then struggled to sell their previous home when they listed it a few months later in May. By then, mortgage rates had risen. In mid-October, they sold for $16,000 less than their original asking price."

From KPBS in California. "In the San Diego-Carlsbad area, 26.4 percent of the homes listed for sale had at least one asking-price reduction this past August, according to Trulia. Nationally, that number was 17.2 percent, the highest national rate since 2014."

"In San Diego, there has been an almost 17 percent decrease in single-family home sales from October of last year to October of this year and a 15 percent decrease in condominium and townhome sales in the same time period, according to Multiple Listing Service of San Diego."

"Analysts said the median home prices are likely going to continue to rise, just maybe not as fast as in years past. Right now, the average single-family home price in San Diego is $645,000."

"Steve Fraioli, president of the Greater Association of San Diego Realtors, said sellers should be careful at where they price their property. 'I think people got a little over zealous with the price of their homes over the last couple of years, so there's a bit of adjustment if you priced your home too high than yes you'll have to lower the price for it,' he said.