It's Friday desk clearing time for this blogger. "'Sellers celebrated in the first half of the year with a crazy blur of multiple offers and fast sales,' said Jill Schafer, head of the Denver Metro Association of Realtors market trends committee. 'It was buyers’ turn to celebrate when the housing inventory jumped up in May and June, causing a market adjustment in the second half of the year and finally giving them some choices.'"

"Seattle is building more apartments than just about anywhere, and now 1 in 10 units across the city are sitting empty. Seattle rents are dropping at the fourth-fastest rate in the country. Rents dropped at least 3 percent in the past quarter in Belltown, South Lake Union, Fremont/Wallingford, Kirkland, Redmond, Sammamish/Issaquah and Edmonds. Renters who shop around can take advantage of the new-supply glut to get some deals."

"It's been about a decade since the last housing crisis, and economists warn that another national housing crisis is upon us. 'We're seeing a lot of new developments to the north of Naples, and the east and the south,' Premier Sotheby's International Realty sales associate Joshua Eckert said."

"In fact, realtors say more than 3,000 new homes have been built in the area in the last two years, making it a buyer's market currently. But something Collier County is still working on is providing housing options for people in lower income brackets. 'The workforce in Florida, in general, doesn't get paid that much,' said Jaimie Ross, CEO of the Florida Housing Coalition. 'They're priced out of the housing in the community.'"

"What’s your prediction for Bay Area real estate in 2019? John Solaegui, Compass: 'Since the mid 2018, single family prices have decreased 2 to 10 percent. Smart sellers adjusted by lowering asking prices. More housing will come on the market in the first quarter of 2019, but there are still more buyers than sellers. Prices have already adjusted and rates are stable, thus there is no further downward pressure on prices.'"

"After more than 200 days on the market with declining price tags that started at nearly $8 million, Justin Timberlake and Jessica Biel have sold their former penthouse in New York City’s Soho neighborhood for its full asking price of $6.35 million. Unfortunately for the couple, the recorded sale price is almost $220,000 less than the not quite $6.568 million they paid for the crisply tailored condo in late 2010."

"When John Lusk bought a condo in Chicago’s Uptown neighborhood, he thought it was his piece of the American dream. That was in 2005. 'I got a loan I never should have been approved for, and was in over my head rather quickly,' he said. 'My old building was a money pit, and this seemed like a step up. I definitely drank the Kool-Aid.'"

"The average selling price for all property types in the Greater Toronto Area fell by 4.3 per cent to $787,300. The latest monthly data, for December, showed sales down 22.5 per cent from the same time a year earlier. It was the worst December for home sales since 2012, according to a client note from Bank of Montreal."

"The average price of a detached home in the city of Toronto was down 8 per cent in a year, to $1.145 million, while in the suburban 905 region prices fell 2.2 per cent to $891,095."

"Asia is finally succumbing to the global property slowdown that’s jolted homeowners and investors from Vancouver to London, with markets in Singapore, Hong Kong and Australia showing fresh signs of softening. 'It’s not a surprise to see Beijing and Shanghai residential prices fall given the curbing policies currently on these two markets,' said Henry Chin, head of research at CBRE Group Inc. Second-hand home prices in Beijing has been falling since September while Shanghai has been on the decline now for almost 12 months, he said."

"After an almost 15-year bull run that made Hong Kong notorious for having the world’s least affordable property market, home prices have taken a battering. Values in the city have fallen for 13 weeks straight since August, the longest losing streak since 2008, figures from Centaline Property Agency Ltd. show."

"Sydney-siders have begun to wonder -- what sort of economic fallout will there be from the wealth destruction that comes with the worst slump in home values since the late 1980s?"

"Newcastle mortgage broker Margaret Godfrey cited the experience of one first home-buyer who had paid a deposit for a unit at Warners Bay off the plan, but the bank had later valued the apartment $35,000 below the sale price, forcing the woman to borrow money from relatives to bridge the gap in her finance."

"'That is the risk of off-the-plan at the moment, that those valuations when the properties are completed will come in short of purchase price,' she said."

"The London property market fell for the second year running in 2018 with more than £6,000 knocked off the average price of a home since its peak. Property experts blamed Brexit for a chronic lack of confidence among buyers that was forcing many sellers to slash their asking prices."

"Nicholas Finn, executive director of home buyers Garrington Property Finders, said: 'We’re seeing a surge in the numbers of opportunistic, frequently cash, buyers emerging to snap up homes at large discounts. This is particularly true in London, where prices fell consistently for much of the year – with the weakness even spreading to the suburbs and southeast England by the end of 2018.'"

"'Sellers of homes who bought when the market was at its frothiest, or in areas without good transport links and schools, are often having to accept substantial reductions,' Finn said."