A report from the Idaho Statesman. "The median house price in Ada County jumped $10,000 from February to March to $335,000, the Intermountain Multiple Listing Service reports. That’s the highest median price since a record $334,400 last August. 'You’d better hit the saddle and tighten up your seat belt, because it’s going to be crazy,' said Rick Gehrke, a real estate agent with RE/Max Executives in Nampa."

From Bloomberg. "The tightest housing markets in the U.S. are unwinding in time for the key spring selling season, giving buyers an edge for the first time in years. San Jose, at the heart of California’s Silicon Valley, had the biggest gain in inventory in the first quarter, jumping 55 percent from a year earlier, according to a study by Trulia of the 50 largest metropolitan areas. Seattle, Salt Lake City and San Francisco followed."

"Homes in many previously hot areas are piling up as demand cools. Inventory grew in more than half the 50 largest metros, including Los Angeles; Denver; Nashville, Tennessee; Atlanta; Dallas and Boston. 'West Coast markets were getting slammed -- affordability was slipping away from everybody,' said Felipe Chacon, a housing economist for Trulia. 'Now it’s showing signs of shifting back the other way, in favor of buyers.'"

"In San Jose, for example, homes that sold in the first quarter were listed for only 57 days. That was one of the fastest paces in the study, but up from 40 days a year earlier. Also, the data only capture timing for properties that sold in the period. Others in the still-available supply have probably languished longer, Chacon said."

From The Real Deal on New York. "Manhattan’s luxury market saw 17 contracts signed last week for a total of about $127 million, according to the latest report from Olshan Realty. Only three of the units that went into contract were sold by developers. The properties spent an average of 306 days on the market last week and had an average discount of 12 percent from the original to the final asking price."

The Grand Junction Sentinel in Colorado. "After stark increases to kick off 2018, the residential real estate market has dialed it back to start 2019 with fewer transactions and building permits issued during the first quarter of the year. Bray Real Estate Research and Development Coordinator Kevin Bray said it will be more evident this summer if things are actually trending down, but it could be that the first quarter of 2018 was actually an anomaly."

"'Nobody has a crystal ball, otherwise we wouldn't have cycles,' Bray said."

"Even the planned construction projects that could bring upward of 1,500 new homes to the market are not enough to keep up, Bray said. That lack of inventory has also driven up the median housing price, which sits at $250,000 for March. That number was at $229,000 a year ago. 'The median price is a sign there is still a lot of demand,' Bray said."

"He added that we could be nearing a price ceiling as wages have not risen at the same rate as the median price."

From Street Roots News in Oregon. "Clatsop County has more housing units than it has residents, but many are second homes that are vacant most of the year. It isn’t that there is a shortage of housing in Northwest Oregon’s Clatsop County; it is that a lot of the housing is out of reach to year-round residents."

"People are being priced out of both rentals and homes for sale, and second-homes and short-term rentals are tying up housing and driving up prices. A 27 percent vacancy rate in the county is attributed largely to second homes. Technically, there could be considered an oversupply of housing in Clatsop County based on a simple comparison of numbers from the study: 1.4 housing units per each permanent resident. This number is misleading because it counts second homes that sit vacant much of the year."

The Los Angeles Times in California. "Il Pelicano, a dramatic Malibu residence built into a coastal cliff-side, has returned to market for $35 million, down from last year’s $57.7 million asking price."