A report from the Reno Gazette Journal in Nevada. "The last time Reno-Sparks saw a year-over-year dip in median house price, Benedict XVI was still pope and Apple was the most valuable company in the world. This makes the beginning of 2019 notable as the greater Reno-Sparks area saw its first year-over-year decrease in median home price in nearly six years, a Reno Gazette Journal analysis found."

"The median house price in Reno-Sparks during March was $369,000 — down from $375,000 during the same month last year, according to the Reno/Sparks Association of Realtors. It is the first annual drop in median home price reported by the RSAR since early 2012. Last year the area broke the median price record several times, culminating in a new record of $404,500 for Reno, $364,500 for Sparks and $389,000 for Reno-Sparks."

"Even as the pace for median price increases have slowed, Brian Bonnenfant, Center for Regional Studies project manager, does not expect a repeat of the housing bubble collapse from a decade ago. 'With those job numbers and those wages, this housing correction is not going to turn into a bust,' Bonnenfant said. 'It’s not going to be like 2007.'"

"Bonnenfant says that there are 'lots of moving parts' contributing to the annual decrease in median home price in Reno-Sparks. The main culprit, however, ties to area incomes. 'Once we finally passed that median price of $360,000 to $365,000, that’s pretty much what our median wage can afford in the area,' Bonnenfant said. 'Sales took a hit because people can’t afford them anymore.'"

The Press Herald in Maine. "March home sale figures provide the strongest evidence yet that the current real estate cycle in Maine may have reached its peak. After leveling off in January and February, the value of Maine homes began to decline slightly in March compared with a year earlier, reversing an upward trend that had lasted about three years. The number of home sale transactions in Maine also fell compared with a year earlier, continuing a downward trend over the past few months."

"Maine is coming off a record year for home prices in 2018, and this year is expected to remain nearly as good for sellers. However, the buying frenzy of 2018’s spring and summer seasons has been slowly winding down as more potential buyers choose to take a wait-and-see approach. Many have become frustrated after losing out on multiple offers or failing to find a desirable property in their price range."

"Even Cumberland County, the hottest housing market in the state, has experienced a decline over the past few months with both sales volume and median price dipping slightly from the same period a year earlier."

"'I think the best way to look at it is that it’s been softening from a pricing point of view for the last four to six months,' said Michael Sosnowski, broker/owner of Maine Home Connection in Portland. 'We’ve seen some appreciation over those months, but the rate of growth has definitely slowed down. Also, sales have been slow for the first quarter, but I don’t think that’s any reason to get alarmed yet.'"

"'Nationwide, applications for mortgages are up, so I think what you’re seeing is a bit of pent-up demand,' he said. 'It’s not going to be crazy like it was, you know, two years ago, but I think we’ll see some steady sales through the second quarter. Higher-priced homes definitely have more competition, and they’ve got to find a way to be outstanding from the rest to sell really quick.'"

"Association President Peter Harrington said it’s too early to tell whether March’s home sales figures represent the beginning of a downward trend or just a momentary pause. Still, he said buyer frustration and other factors have clearly caused the state’s housing market to reach a plateau."

"'A little slowing of the market, a little moderating of price could be good for some of the buyers that have been on the sidelines a little bit and been priced out of the market and competed out of the market,' he said. 'It’s got to be frustrating for a buyer when they go put an offer on a house and there’s five other offers.'"

From Go Local Prov in Rhode Island. "Rhode Island's cooling housing market has 10% more single-family homes were available for sale in March of 2019 than a year earlier, according to the Rhode Island Association of Realtors."

"'Last year, home ownership was out of reach for many home buyers as the inventory shortage, rising home prices and increasing mortgage rates created significant barriers. As supply increases and rates stabilize, we are starting to see tempered price appreciation. However, we don’t anticipate a significant drop in prices like those seen a decade ago, as we don’t have the questionable lending practices that we had at that time,' said Dean deTonnancourt, President of the Rhode Island Association of Realtors."