A report from USA Today. "If you're hunting for a house this spring, say goodbye to frenzied bidding wars. And if you're selling, get ready for good, old-fashioned negotiations. 'Sellers in the areas where we saw the highest appreciation, they can’t expect to see that now,' says Jennifer Johnsen Cameron, a vice president with Coldwell Banker Bain in Bellevue, Washington. 'Sellers need to be realistic about pricing. They can no longer name their price.'"

"Some of the steepest drops occurred in markets that were once the hottest in the U.S. In San Francisco, the share of sales drawing multiple offers fell from 82 percent to 18 percent; in Seattle, the share dropped from 69 percent to 15 percent;and in Boston they slid from 53 percent to 14 percent."

"Paul Danis, a small-time homebuilder in the Bellevue area outside Seattle, noticed the market winds had shifted three to four months ago. The last home he sold closed in February 2018 without ever going on the market. He put another house on the market four months ago. No bites. He dropped the price by 5 percent and it finally just went into contract."

"'My wife is a realtor, so she already knew things were adjusting in the market,' Danis says. 'We knew we would have to chase this one downhill a little bit.'"

The Denver Post in Colorado. "Outside of California’s biggest cities, no other housing market is cooling as quickly this year as is metro Denver’s, according to an analysis from Zillow. 'It is no surprise that the markets which pushed the bounds of affordability over the housing recovery are now experiencing significant cooling,' said Skylar Olsen, Zillow’s director of economic research."

"In metro Denver, it found that 18 percent of listings took a price cut in January, compared with 11 percent in January 2018. A monthly update from the Denver Metro Association of Realtors also reported that the median price of both homes and condos sold in metro Denver in February turned negative for the first time in seven years."

"None of those shifts are extreme, but they show a change is underway. Combine the three Zillow measures and metro Denver’s housing market ranks fifth overall for how fast it is cooling down, behind the California metros of San Jose, San Francisco, San Diego and Los Angeles. Behind Denver on the cooling scale are Dallas, Seattle, Sacramento and Portland, Ore."

The Real Deal on New York. "Hong Kong-based Euro Properties was supposed to be the first Chinese developer to build — not just finance — a condominium tower in Manhattan, when it acquired 118 East 59th Street in 2013. But construction on the 38-story tower never got going, and pre-development sales of its 29 units never made it to the closing phase. The developer also never obtained a construction loan, city records show."

"On Monday, Euro Properties announced it had sold the managing stake in the property to its investment partner, an affiliate of Xiamen-based Yuzhou Properties Group. The $26 million sale marks Euro’s complete exit and values the total site at $74 million, the company said."

"YIMBY reported in November that excavation at the site had never been completed and was 'replete with its own lake and new surrounding greenery,' due to the lack of activity."

"Euro Properties looked to compete at the high-end of the Manhattan condominium market when it was at its peak, targeting average unit prices of $9 million, much more than the new development average for both the Midtown East and the Upper East Side submarkets."