A report from MarketWatch. "Momentum in the housing market has waned enough that it’s starting to worry many observers. David Blitzer, who manages the Case-Shiller report at S&P Dow Jones Indices, told MarketWatch that he thinks the market is at an inflection point. 'For 11 months straight, up until July, the national index has gone up by an annual rate of more than 6%,' Blitzer said. 'Inflation’s 2%, plus or minus, wage increases are between 2 and 3%, so home prices are going up almost twice as fast as anything else in sight. That shouldn’t happen forever. Something’s got to give in a market, whether it’s buying houses or groceries. So I’ve been waiting to see what gives.'"

"The bigger question now, for Blitzer, is whether the housing downturn will pull the broader economy along with it. 'Housing, because it’s interest-rate sensitive, turns up first in a recession and probably turns down first in a boom, but with a long lead time,' he said."

"'I don’t think we’re going to be in a recession by Christmas this year. No bets for next year. But it probably does indicate that not everything is coming up perfectly roses. If we get a recession that starts sometime between now and the end of 2020 I think people will look back on it and say a-ha, back in October, the stock market was a little bit nervous and housing was going down, that’s when it began.'"

From Chicago Now on Illinois. "Former Chicago Bears center Olin Kreutz has paid $2.4 million to buy former Chicago Bulls guard Kirk Hinrich’s nine-bedroom, 9,270-square-foot mansion in Bannockburn. Hinrich paid $4.4 million in 2007 for the mansion, which was built by Orren Pickell Builders in 2005. As a result, Hinrich took a $2 million loss on the mansion, which he first listed in April 2017 for $4.499 million. He later cut his asking price to $3.9 million and then to $3.55 million in March. His final price cut was to $2.75 million in August."

From Brookline Patch on Massachusetts. "There's expensive and then there is beyond expensive. This sprawling estate on the market since 2016 was listed at $90 million until last month when it quietly went down by $21 million."

From Northern Nevada Business. "Much like he did to acres of rolling hills and sagebrush in northwest Reno, developer Blake Smith plans to transform the northwest corner of Sierra Highlands and Pyramid Highway into the region's latest master planned community."

"Across the region, residential home prices in Reno and Sparks continue to hold strong. In September, the median sale price of $374,000 was up 11 percent from the same month in 2017, the Reno-Sparks Association of Realtors reports."

"Sales volume has cooled noticeably, however. The RSAR reports that September sales of 439 homes was down nearly one-quarter from August and also from the same month compared to 2017."

"Signs also point to a potential cooling in pricing. In September, there were 1,377 housing units listed for sale, up from a 12-month low of just 646 units in January. The rise in inventory could potentially ease pressure on pricing, the RSAR reports."

From Lehigh Valley Business in Pennsylvania. "Like the weather, the residential real estate market shows signs of cooling down. In September, the Greater Lehigh Valley saw closed sales drop by 9.1 percent and new listings fall by 6.4 percent compared to September 2017."

"'Right now what I’m seeing is that inventory is either moving very quickly or it sits forever,' said Chris Daubert, real estate agent with Coldwell Banker Residential Brokerage in Wyomissing. 'There’s not a whole lot of in between right now.'"

"Stephen Filson, broker at RE/MAX Skylands Real Estate in Hackettstown, believes sellers remain hesitant to list since the market’s lack of price appreciation won’t allow them to get the price they want."

"'You have some areas like Phillipsburg (where) prices are still going down, being battered by bank-owned homes, foreclosures, that kind of problem,' Filson said. 'In the better parts of Warren County, you are seeing stability but there is very little, if any, appreciation.'"