A report from the Los Angeles Daily News in California. "Home sales in the San Fernando Valley hit a record low last month, even as sellers continued to flood the housing market, according to the Southland Regional Association of Realtors. The association reported that escrow closed on just 266 homes in February, down 14 percent from 309 at the same time last year."

"That’s the lowest mark since the organization started keeping the statistics in 1985. The Valley’s total housing inventory, meanwhile, was up 24 percent from a year ago to 1,186 available properties."

"A typical home in the Valley still goes for $657,000. The Valley’s housing market, which has been red hot in recent years, showed signs of a cool-off this winter following record high median costs of $708,000 in May and August. 'After an extended sellers’ market, what we’re seeing today looks more balanced,' said Dan Tresierras, president of the association. 'It’s a market where buyers have gained negotiating leverage and sellers may have to offer concessions if they want a speedy sale.'"

From Mansion Global on California. "Actor Charlie Sheen has averted foreclosure on his Los Angeles bachelor pad, relisting it for the umteenth time last week with another price cut. The five-bedroom Mediterranean-style mansion is now selling for one dollar shy of $8 million, the latest in a series of price cuts over the past year. It hit the market in February 2018 for $9.99 million."

The Boston Globe on Massachusetts. "The Greater Boston housing market continued to pick up speed in February, with both sales and the number of homes listed for sale on the rise. Condominium prices dipped slightly compared with last February, down 2.9 percent in Greater Boston, while the number of condos on the market surged 22.9 percent."

"'It’s nice to see condo sales up and prices starting to moderate, giving more home buyers the opportunity to get on the homeownership ladder,' said Anne Meczywor, president of the Massachusetts Association of Realtors."

From Hartford Business in Connecticut. "For the second straight month, home and condo sales fell across Connecticut to a four-year low, with median prices also falling. The median single-family home prices fell last month 5.1 percent to $224,000 from $236,000 a year ago – the weakest February median price in three years, Warren Group reported."

"'This is the fewest number of single-family home sales for the month of February since 2015,' said CEO Timothy Warren. 'Single-family home sales have declined on a year-over-year basis for seven straight months and 13 of the past 15 months. Clearly, the market has softened despite a low unemployment rate and a good economy.'"

From Realtor.com. "Yeehaw, the latest home-buying season is now in full swing! And buyers are in luck: By and large, this year's home-buying season is a far better bet for buyers than in the past. In the recent past, you weren’t altogether wrong if it seemed like buyers were offering their firstborn child in order for their offer to get a fair look—and often for houses that you would have snubbed in less-sizzling markets. But now it’s OK to breathe—and even sleep on it."

"In fact, many say we’re back into what can be considered more of a buyer’s market, where the seller doesn’t hold all the cards, says Brad Cox, a real estate agent at the Vesta Group of Long & Foster Real Estate, in Lutherville, MD. 'While you still want to prepare a competitive offer, your time window is likely to expand—meaning you can think it over before rushing in with an offer,' Cox says. 'And you aren’t going to have to include some of the riskier elements, such as waiving financing or inspection contingencies, that were a hallmark of past years.'"

"But don’t forget that it’s still very easy to insult a seller. 'I am seeing far more buyers starting to make very aggressive lowball offers in an attempt to test sellers’ appetites, even if they’re totally serious about a given property,' says Lucas Callejas, an agent at Triplemint."

From Forbes on Florida. "The current top-ranked football team in England's Premier League has an owner who is ready to sell his lakefront Florida mansion in Boca Raton, Florida. Billionaire John Henry first listed the property for sale last fall for $25 million, but lowered the price for the first time last week. To reduce a price by nearly half the first time out for a price reduction is often the sign of a motivated seller so this is a pad that could end up being a great deal for $15 million."

From KLUV Radio in Texas. "In the 2 years before my dad's passing, we often talked about the DFW housing market and what was causing it's quickly escalating prices. Occasionally he would say to me, 'son, what goes up, must come down.' He said, 'don't be in hurry... wait a while... watch the market... and you'll soon see improvements for buyers.'"

"He also noted that most while DFW area house prices increased around 40% in 4 years, most residents didn't receive a 40% pay increase over that time, and reality would eventually rise to the top. My father's prediction is coming true. Bottom line for North Texas, housing inventory is growing, prices are dropping, and reality is quickly settling in."