A report from the Post and Courier in South Carolina. "Construction cranes dot the Charleston skyline for new apartment buildings while other complexes rise in the suburbs, and supply is now outpacing demand in the region. The glut of new units could be a welcome development for renters as new landlords compete to sign up tenants."

"Because of new projects coming online during the past six months, the increase in units pushed the vacancy rate up to 10.6 percent throughout the Charleston area, according to Charlotte-based apartment research firm Real Data."

From The Gazette in Colorado. "Colorado Springs-area apartment rents dipped late last year, although one local multifamily housing expert says it’s too soon to know if rental costs are leveling off after a string of record highs over the last few years. Rents began climbing five to six years ago — setting record highs for nine consecutive quarters from 2015 through early 2017."

"In 2018, 1,135 apartments were added to the area’s overall supply. Another 4,000 apartments are under construction, and roughly 8,000 units proposed or planned, which could help increase competition and keep rents in check, said Laura Nelson, the Apartment Association’s executive director. If supply increases, 'I definitely think things are going to start to flatten out,' she said."

The San Francisco Chronicle in California. "On a quarterly basis, one-bedroom apartments in many neighborhoods are down considerably. Outer Mission/Excelsior saw the biggest change—dropping nearly 10 percent between November 2018 and February 2019. Glen Park and Lower Haight were right behind with around 8.5 percent and 7.5 percent drops, respectively. The Tenderloin, Outer Sunset and North Beach all saw drops greater than 5 percent as well."

"'In general, there seems to be a cyclical effect when it comes to growing/decreasing rents in different neighborhoods in the city,' said Zumper’s Crystal Chen. 'About a year or so ago, we saw the outermost neighborhoods rising the fastest, like Outer Mission-Excelsior and Glen Park, while those two areas just happened to see the largest rent dips this quarter.'"

From Crain's Detroit Business in Michigan. "Slimmer-than-anticipated profit margins caused by increased construction costs have shelved two anticipated Detroit condominium projects — at least for the time being — and other for-sale multifamily projects have also been delayed in getting out of the ground."

"The changes illustrate the changing landscape of commercial real estate development in today's Detroit market, which has not only caused for-sale multifamily projects to be re-evaluated, scratched altogether or postponed, but also apartment projects and other mixed-use efforts that would bring more density to the city."

"The latest project being 're-evaluated' is Cass and York, a development by Detroit-based The Platform LLC, which planned 56 luxury condominiums plus apartments. Peter Cummings, executive chairman for the development company, said the vacant site other than the office space is being put on hold. The for-sale units were listed at $430 to $501 per square foot, a high-water mark for new multifamily for-sale construction."

"'We established that we could sell units at $450 a square foot. That's pretty much what we were averaging in our contracts. What we didn't establish was that we could make money at $450 a square foot,' Cummings said."

The Wall Street Journal on New York. "While the New York real-estate industry fretted about the potential impact of new state taxes on expensive real estate, the Manhattan residential market deteriorated further in the first quarter of 2019, as sales slumped to the slowest pace in six years."

"'There is this sentiment that you could just slam high-end buyers and they will sit down and take it and keep buying,' said Pamela Liebman, president of the Corcoran Group. 'They will not.'"

"Brokers said that sales haven’t fallen further because some sellers have already substantially cut individual asking prices. Investors are circling some new developments offering to buy blocks of apartments at a 30% discount, said one broker, who noted that so far they have had no takers."

"The inventory of apartments on the market rose 21.4% in March compared with March 2018, according to Halstead Property. Apartments took 33% longer to sell, 8.8 months at the current sales pace, than a year earlier. Larger condos with at least three bedrooms were lingering on the market for nearly 15 months, and prices fell on these larger apartments, said Gregory Heym, chief economist for Halstead and Brown Harris Stevens."

"'The data is screaming ‘overpriced,’ said Donna Olshan, a broker who tracks sales in the luxury market. 'Until that changes, the market will not move efficiently. The longer it takes, the worse it will be for sellers and everyone else.'"

"Diane Ramirez, president of Halstead, said the slowdown began among the most expensive properties, and eventually reached the entry market. 'We truly had an incredible price correction that we have been living with sadly for over two years,' Ms. Ramirez said."