A report from the Sacramento Bee in California. "Sacramento County total home sales fell 22.5 percent year-over-year in December, the lowest for the month since 2007. In the four-county region, the largest decline in the year-over-year median sales price for neighborhoods with more than 10 homes sold was in Colfax in Placer County."

"Most of the region’s neighborhoods saw modest year-over-year increases in median home price of resale homes. Prices dropped 24 percent in the 95713 ZIP code compared to December 2017. The median sales price was $254,800, down from $337,000."

The San Francisco Chronicle. "The slowdown in new market-rate, residential development is starting to take its toll on San Francisco’s affordable housing pipeline, as rising construction costs and a softening market are resulting in less money flowing to the city programs that support affordable projects."

"Kate Hartley, director of the Mayor’s Office of Housing and Community Development, said the decline isn’t surprising, as market-rate developers have become more cautious about breaking ground on new buildings. 'It’s pretty well documented that the market-rate development has slowed,' Hartley said."

The Orange County Register. "Homebuying in Aliso Viejo, Dana Point, Laguna Niguel and San Clemente fell 10 percent in a year with the steepest countywide drop in sales in 11 years. Last year saw the fewest Orange County homes sold since 2014 and the 8.6 percent drop in sales vs. 2017 was the largest year-over-year percentage decline since 2007."

"Key culprits in the slowdown included higher mortgage rates; economic uncertainty; not to mention that homeowners seeking a new residence couldn’t unload their old home."

From Curbed Los Angeles. "Is Los Angeles turning into a buyer’s market? With typical home prices eight times higher than the median income, that might be a stretch—but two new reports from Zillow suggest home shoppers may have a slightly easier time navigating the city’s daunting real estate market in coming months."

"One of those reports indicates that 21,357 homes were listed for sale in January across the entire Los Angeles metropolitan area. That’s nearly a 30 percent increase since a year ago and the highest number since 2016. A separate report from the company confirms that competition among buyers is tapering off. It reveals that 26.3 percent of homes in the LA metro area sold above asking price in December, down from 35.1 percent throughout 2017."

"'Buyers should not mistake a few more options for a sudden bounty,' warns Zillow economist Aaron Terrazas, explaining that home prices are continuing to escalate due to 'high demand from buyers and limited availability of homes for sale.'"

The Los Angeles Times. "After $1.5 million in price cuts, former One Direction star Harry Styles is just aiming for a modest profit on his Hollywood Hills home. The contemporary estate is now listed for $6.995 million, or $12,500 more than he paid for it three years ago."

The Mountain Democrat. "El Dorado County has been a magnet for Bay Area buyers for the last several years. About 60 percent of all new home sales in El Dorado Hills are to Bay Area transplants and one out of four countywide home sales are to folks relocating from the nine Bay Area counties."

"But their annual spring migration may be postponed this year. Last week, Core Logic reported that Bay Area home sales are down 21.6 percent from a year ago. December’s decline was the seventh straight month of reported year-over-year drops in sales. Core Logic analyst Andrew LePage said that 'the nearly 22 percent year-over-year drop in activity was the largest for any month in more than eight years.'"

"When the Bay Area’s real estate market catches a cold, El Dorado County’s market gets the flu. That’s because our real estate market has grown dependent on the wealthy, all-cash homebuyers from the Bay. If their homes are not selling, it’s not likely they will be showing up for our open houses this spring."

"Who then will take their place? County home prices are too high to attract most first-time buyers and many of our own move-up buyers are relocating out of state. Bay Area sales will pick up once sellers adjust their pricing and when they do those buyers will be back in the foothills."