It's Friday desk clearing time for this blogger. "Nearly a quarter of Denver-area residents looking for a home on Redfin are conducting their searches outside the metro area. That probably would be just another number, except that metro Denver’s housing market corrected sharply in the second half of the year. 'We are going to shift into more of a buyer’s market,' predicted Martin Mata, a Redfin agent in Denver."

"Area agents and home sellers say they noted a shift in market psychology as early as last summer, following 3 ½ years of a red-hot seller’s market. 'It gets frustrating for (home sellers). It’s like you’re having a party and no one shows up,' said Noel Palmieri, a Century 21 agent based in the San Gabriel Valley. 'We’re not getting the showings like we were. Things aren’t flying off the shelf the way they were.'"

"It took 80 days before Century 21 agent Palmieri got an offer for one house she was selling in the city of San Gabriel. It finally sold for $130,000 below its original list price 3 ½ months after it went on the market. In April, Palmieri sold a condo in Monrovia for $620,000, or $35,000 above its $585,000 asking price. By August, she had trouble selling a similar unit in the same complex for $575,000. 'It was tough,' she said."

"There is now a surfeit of luxury apartments for sale in Manhattan, many of them shrinking in scale and price. Outliers may continue to emerge, but their sales will have increasingly little to do with the market at large. While One57 set a high-water mark when sales began in 2011, recent resales have softened. An apartment on the 63rd floor that sold for $32.5 million in 2014 resold in 2018 for $23 million, a 29 percent price cut, according to StreetEasy data."

"New home buyers finally reached their limit in Toronto last year. After years of frenzied price increases, sales of new homes in Canada’s biggest city sunk to the lowest in almost two decades in 2018 and the supply of unsold condos piled up, according to a pair of new reports. The number of unsold units in development jumped 47 percent in the fourth quarter from the year before to more than a two-year high."

"'The slowdown in activity last year can partly be attributed to less demand from investors, who typically represent the largest component of new condominium purchasers,' in the Toronto region, according to Urbanation’s report."

"Some property values across the country are falling faster than the well-documented decline in Bitcoin, according to research from Anyvan. The removal company found huge discounts being applied to property values across the UK. London was the most commonly affected, with prime central London hit the hardest."

"A two-bedroom flat in Haringey, for example, is now 50% cheaper than it was when it was listed at the start of December last year. Another flat in Norwood Junction has seen its price drop by 47%, while a two-bed apartment in Canary Wharf has declined by more than 45% compared to its original listing price. It’s not just in the capital where property values are plummeting."

"Homes up and down the country are being affected. Scotland, Wales, Cornwall, Birmingham, Manchester and Norfolk have all seen greater declines than the Bitcoin crash. Angus Elphinstone, the CEO says: 'Unable to sell their home to move, they’re forced to dramatically drop their price to attract hard-to-find buyers. The last year was certainly a brutal year for the majority of Bitcoin investors, but it’s frightening to see the value of peoples homes fall by such levels in a quick period.'"

"Dubai's homeowners will have to wait at least a couple more years for a long-running property slump to hit bottom as developers put a record number of new residences on the market this year. Dubai's residential values have slid about 25pc from the 2014 peak, including a 10pc drop last year."

"Falling prices pushed 262 homeowners into negative equity in the fourth quarter last year, marking the first time in two years that some property values have dropped below outstanding mortgage loans, the Hong Kong Monetary Authority said. Some small flats have lost up to 20 per cent of their value because of falling property prices."

"Chris Leung, a lecturer in the department of finance at the Chinese University of Hong Kong, said the number of negative equity cases could exceed 1,000 in the second and third quarter figures because some factors could further dampen home prices. ' The failure of the commercial parcel sale at Kai Tak yesterday [Wednesday] reflected the market’s negative views,' said Leung."

"After 10 years investing in the property Andres Vargas has keenly felt the market's sharp turn in the last 18 months. He sold one house near Mt Druitt for a tidy profit last year and has now decided to sell his remaining Sydney investment in Green Valley, west of Liverpool."

"'I got it valued at $619,000 by the bank when I was applying for my home loan a year and a half ago,' Mr Vargas said. 'I've now seen similar properties going up for sale for $540,000, so there is a clear 10 per cent drop there alone. It's quite scary. The longer I hold onto it, the more I'm losing.'"

"Welcome to the world of FONGO (fear of not getting out) for property vendors, a market sapping phenomenon which has replaced the FOMO (fear of missing out) for buyers that had driven values upwards. Mr Vargas has a very different mindset to that which he had several years ago."

"'Everyone pretty much said, every seven years, seven and a half years you'd see your property doubling,' the Sydney entrepreneur said. 'I can't find any good opportunities anywhere in Sydney in terms of growth.'"

"Kobi Boaron had more riding on the fate of the property market than most other buyers. Boaran bought an entire 12 unit apartment block in St Kilda East in inner Melbourne with his business partner at the height of the property market with a plan to renovate and sell."

"But when they were ready to sell just seven months later, the market had come crashing down. 'e had no choice but to sell,' Mr Boaron says. 'We were worried about the prices coming down even further. I knew it would happen; I saw all the reasons for it to happen … but what surprised me was how quick it changed and how quick it turned down,' Mr Boaron, a mortgage broker, says."