A report from Marketplace. "It’s never easy to set the price of a home. It gets even trickier in a cooling housing market. Nancy McInerny of Aberdeen, Maryland listed her four-bedroom house for $399,000 in January. Four months and two price cuts later, she sold it for $375,000. Her husband had already moved to Indiana for a new job and she was anxious to join him."

"'It hurt,' she said. 'I just wanted out of there, honestly.'"

"As the housing market slowdown officially passes the one-year mark, more sellers like McInerny are having to lower their expectations. Lisa Lynn worked with a local broker who knew the market when she listed her home in suburban Chicago in March for $389,000. After it failed to sell, she dropped the price twice before accepting an offer for $357,000. That was $20,000 less than she’d paid for the house in 2007."

"'Could we have set the price lower? I guess,' she said. 'And then if we had sold that first weekend we would wonder, 'well could we have gotten more for it?'"

From Jim Cramer. "Mixed. It's all so mixed it's hard to know what to say or where to begin. Take housing: It's completely mixed. There are some areas where prices continue to increase nicely -- and then there are others, like the Bay Area and New York City -- where prices have clearly peaked."

From Wood Business. "Couched between the Canadian long weekend for Victoria Day and this Monday’s Memorial Day in the U.S., the entirety of the North American sawmilling and lumber sales industries were last week at a total loss for why demand for solid wood construction framing dimension softwood lumber products was so low. Wholesaler prices (net FOB sawmill) of almost all standard lumber prices fell last week."

"With production order files at sawmills 'prompt on everything,' sellers could do little but drop prices in an effort to get buyers to even pick up the phone and talk. It is really very unusual to be able to get any prompt wood at this time of year — apart from extremely specific higher-value specialty products — so for a sawmill’s entire range of products to be immediately available upon ordering during this normally high-volume production time of year could be troubling."

"Sawmills couldn’t gain traction selling into any markets and barely even sold their daily production volumes. Buyers continued to sit on their hands, only stepping in to order what they absolutely needed. Veteran traders of kiln-dried Douglas-fir lumber and studs were agog at this 'historically bad' spring building season. Sales activity just couldn’t get going and players were sick of the 'one step forward, two steps back' scenario they were faced with each week."

"After purveyors of Eastern Spruce-Pine-Fir commodities in Canada got back from their long weekends on Tuesday last week they were treated to a small spike of demand that quickly fizzled out. Wholesalers and distributers described 'bleeding out on pricing' when they put in orders for lumber."

The Orange County Register in California. "The heart of the city of Riverside is getting 63 new homes, priced in lower-$400,000 range. KB Home has begun selling Primrose, a project located between the city’s Arlington Station and the Galleria at Tyler shopping center. The neighborhood will have two-story homes ranging between 1,700 and 2,100 square feet with up to five bedrooms and three bathrooms. The Primrose website cites pricing of $419,990 to $445,990."

"Primrose has plenty of competition as the Inland Empire has a large inventory of new homes for sale. At the end of the first quarter, 1,707 finished homes were unsold, according to MetroStudy. That’s up 29% over 12 months and 25% above the five-year average. Primrose comes to market as homebuying has cooled. CoreLogic reports 1,082 new homes sold in Riverside County in the first quarter, down 2% in a year. The median sales price? $434,250."

From The Real Deal on Florida. "One Thousand Museum, the Zaha Hadid-designed skyscraper in downtown Miami, is seeking a $331 million condo inventory loan as the project’s completion date nears, The Real Deal has learned. Developers take out condo inventory loans to pay off construction lenders, pull out equity and cover carrying costs of the units they have not yet sold. Regalia Group, one of the building’s developers, has secured inventory loans for Regalia in Sunny Isles Beach."

From Jersey Digs in New Jersey. "The best news in Pure Properties’ 2019 Q1 market report probably comes out of Bayonne. But it’s worth noting that the total sales volume of 1-4 family homes in Bayonne decreased 31% in 2019’s first quarter, while condo transactions were off 16%."

"Condominiums in the neighborhood faired poorly in the quarter, with average sales prices clocking in at $225,950, a 43% dip in the quarter and off 27% year-on-year. Like most of Hudson County, total transactions in both neighborhoods were down in the quarter, with the biggest drops hitting condos in both neighborhoods at over 45%."