A report from My Northwest on Washington. "You may have heard that the big chill has suddenly hit the Seattle housing market. According to the Case-Shiller home-price index, Seattle home prices are falling faster than the rest of the country. The Emerald City was leading only a few months ago."

"But we mustn’t read too much into it, says Chief Economist Matthew Gardener at Windermere Real Estate. 'In terms of overall house prices, in the last couple of months we’ve seen some significant softening,' Gardner told Seattle's Morning News. 'There are some out there that are projecting a bubble, a major correction in housing values — I don’t see it.'"

"'We’ve certainly reached a peak with a lack of affordability. There must be a ratio between home prices and incomes — we’ve breached that, but it doesn’t mean that housing prices are going to correct in the downside,' he said. 'Housing is not a stock. You shouldn’t look at it on its value day-to-day, month-to-month, or even year-to-year. It’s shelter, first, and an asset, second.'"

"Gardner says that part of the reason that prices have softened is that plenty more units are coming on the market and that people are trying to time the market. Invariably, when you get more supply, with a still reasonable demand, home price growth softens."

From WKRN in Tennessee. "Housing numbers in Nashville are down month to month across the board. That includes inventory, closings, and median price. When you look at home sales year over year, November homes sales show a moderate decrease from November 2017, but inventory is up 25-percent."

"There were more than 220 closings last November than there were this year and 2,550 more homes on the market in November 2018. Sher Powers with Greater Nashville Realtors told News 2 that more houses are on the market, but fewer have sold due to what she describes as 'buyer exhaustion.'"

"She said, 'They've been competing particularly in the lower price points with quite a few other people. They've gotten disappointed and decided that they would prefer to wait. They put in several offers and they don't get a home and then they've got to find a place to live or their lease is coming up and they've got to make a decision for the next year. So things like that have impacted.'"

From Mansion Global on California. "The two catastrophic wildfires that ripped through separate swaths of northern and southern California this month have destroyed as much as $14.5 billion-worth of homes, according to CoreLogic."

"'The first thing you’re going to see is a glut of supply' and a significant drop off in interested buyers, Nick Giovacchini, director of client solutions at AlphaFlow, a real estate asset management firm said of Butte County, where the average home price in the county hovers around $280,000."