A report from CNBC on California. "'The housing markets are softening in California, and it’s not just the tony neighborhoods of San Francisco, Silicon Valley and West LA,' said Jerry Nickelsburg, an adjunct professor at UCLA and director of the Anderson School of Management’s forecast. 'This is a statewide phenomenon.'"

"Nickelsburg said home prices are falling in many major markets of the Golden State, calling the decline 'widespread and substantial.' The economist said the impact of the cooling is even being felt in the Central Valley of California, where home sales have fallen by more than 10 percent."

"'Home prices are falling in California as is the level of building,' Nickelsburg wrote. He said one possible explanation is 'higher mortgage interest rates are depressing prices but not the underlying demand. Another possibility behind the housing slowdown is prices are 'so expensive that everyone (well a lot of everyone) is leaving,' the economist added."

The News Press in Florida. "We’ve officially made it through the start of 2019, marking an opportune time to reflect on the latest developments in the Lee County housing market. We did begin to see some declines in December 2018, with year-over-year single-family home sales down 15 percent, and townhouses and condominiums down 23 percent. This trend continued into January 2019 with single-family home sales down 18 percent year-over-year and townhomes and condominiums down 10 percent."

"Yet this drop isn’t necessarily indicative of a spiraling market in 2019. In fact, this could be considered a normal part of the cycle. First and foremost, listing inventory is up. We entered the year with inventory at a 19 percent increase from the same period last year, which at the current pace of sales, translates to almost seven months of inventory."

"The trend of increased listings in the first quarter is relatively normal. However, a continued period of inventory increases, coupled with a decline in sales, could signal some possible downward pricing pressures to come."

The Dallas Morning News in Texas. "The owners of the McKinney rental community — a partnership that includes Farmers Branch-based Megatel Homes — are offering to refund up to 12 months' worth of rent if tenants buy one of the company's new homes."

"'In the fourth quarter of last year, it was a wake-up call for me that the market had slowed down,' CEO Zach Ipour said. 'When there is less demand for for-sale homes, we shift our investment for more multifamily development.'"

"'Right now multifamily is facing a concession crisis — it's the highest in years,' Ipour said. 'If we can get away from those concessions, it has a huge value to our rent revenue.'"

The BC Democrat in Colorado. "Real estate agents across Colorado are hoping the chill in the state’s housing market comes from the wintry weather and not the start of a longer market slowdown. Single-family home sales across the state were down 3.9 percent in February from a year ago, according to Colorado Association of Realtors. They were down 5.1 percent in January and February combined."

"In Pueblo County, the drop was steeper. Single-family home sales were down 24 percent last month from February 2018. They were down 15 percent for January and February combined. Other metro areas reported slowdowns for the first two months of the year: Grand Junction, down 18.4 percent; Boulder-Longmont, down 17.9 percent; Fort Collins-Loveland, down 11.2 percent; Greeley, down 4.8 percent; and Denver County, down 3.3 percent."

"The report came a day after the state Department of Labor said revised federal employment data for 2018 showed Colorado’s job growth slowed starting last summer and the jobless rate rose to 3.7 percent as of January, the highest in nearly four years. Pueblo County’s jobless rate was up to 6.3 percent and local job growth was essentially flat for a second straight year."

From Realtor.com. "'American Chopper' star Paul Teutul has hit the skids when it comes to finance. About a year ago, the man behind Orange County Choppers filed for bankruptcy and was reported to be millions of dollars in debt."

"And his real estate dealings haven’t fared much better. The reality TV star listed his rustic, 38-acre retreat in Montgomery, NY, for $2.89 million in October 2017, at a time when his troubled finances weren’t public knowledge."

"Three months later, the price was sliced to $2.49 million. Now, just over a year later, the massive spread is priced at $1.65 million — a substantial 42 percent discount from its original price. Yet no buyer has seen fit to rev up and make an offer."