A report from the Seattle Times in Washington. "Seattle for nearly two years led the 20-city S&P CoreLogic Case-Shiller index in annual price growth for homes, but falling prices here in recent months have now dropped it to fourth place. The Seattle metro area’s year-over-year increase was 7.3 percent through October. But in recent months Seattle prices have actually dropped: 11 percent over six months through November, according to the Northwest Multiple Listing Service."

"That reversal again made Seattle the market with the fastest month-over-month decline in October — 1.1 percent. In Seattle, other factors may be contributing to the sharp reversal from last spring’s record prices, including a record-breaking streak of apartment construction, a decline in interest by Chinese buyers, and uncertainty about the tech sector here in the wake of Amazon’s plans to add major growth centers elsewhere."

"Las Vegas, one of the epicenters of the housing bust that caused the U.S. economy to collapse into a recession at the end of 2007, has made a surprising comeback. 'After the last recession, Las Vegas diversified its economy by adding a medical school, becoming a regional center for health care, and attracting high-technology employers' said David Blitzer, chairman of the index committee at S&P Dow Jones Indices."

From Fox 5 Vegas. "Then: too many buyers, not enough homes. Now: too many homes, no one is buying. It’s been a wild year in the Las Vegas housing market. 'We basically had a tale of two markets,' Coldwell Banker Premiere Realty CEO Bob Hamrick said. 'Close to the first half of 2018, things were in a hyper state, property values were appreciating, selling very quickly to now.'"

"New builds popped up across the valley. But as those sizzling hot summer temps cooled down, so did the housing market."