A report form the Orange County Register in California. "April was the second straight month L.A. County house prices failed to beat inflation. Orange County price gains have been below the inflation rate since November. Orange County house prices were just 1% above year-ago levels in April, while prices in Los Angeles County increased by a mere 2.3%, CoreLogic reported. That’s not only the smallest appreciation rate in seven years, but home-value gains also failed to beat the L.A.-Orange County inflation rate of 3.3%."

The Denver Channel in Colorado. "The number of homes for sale in the Denver metro area saw another big jump last month, reaching its highest level in nearly six years. According to the Denver Metro Association of Realtors, May ended with 8,891 active listings, an increase of nearly 27 percent from the month before and a 38 percent increase from May 2018."

"'There has also been more negotiating,' said DMAR Market Trends Committee Chair and Denver-area Realtor Jill Schafer. 'The close-to-list price ratio dropped to 99.35 percent year to date. At this point in the past four years, sellers were getting, on average, more than asking price. Home sellers still have control across the housing price ranges, but a little give and take makes buyers feel better.'"

From Dansville Online in New York. "Steuben County figures for April were largely reflective of continued momentum across the state, with more new listings, closed sales and a hike in median prices. In Allegany County, figures were more of a mixed bag. Closed sales dipped by 15.8 percent from April 2018 and buyers failed to keep pace with new listings, which rose 25.5 percent over the span to 59 listings."

"The glut of new listings resulted in the number of homes that remain on the market (234) up 24.5 percent, and added significantly to the months of housing supply remaining, which was up 40.7 percent to 8.3 months."

The Milwaukee Business Journal on Wisconsin. "The owner of one of the most expensive condos on the market in downtown Milwaukee, which has its own waterfall and an 11-person home theater, has again reduced the price of the penthouse unit, which now has an asking price of $2.4 million."

"The penthouse unit was originally put on the sale block in 2015 for $2.8 million and is listed by Chris Corley of Corley Real Estate. It has been on and off the market in recent years, but was put back on in March with an asking price of $2,495,000. It is one of just seven condos on the market in downtown Milwaukee with an asking price of more than $1 million. Online listings show that two currently have accepted offers."

"Previously, Corley said the condo was included in a January 2016 story on Realtor.com that listed nine penthouses across the country 'to die for,' a list that included condos in Los Angeles and New York City. 'With almost 11,000 square feet of indoor and outdoor space, spectacular views and centrally located makes it ideal for private functions and fundraisers,' he said."

The Houston Chronicle in Texas. "While $7 million could buy an opulent estate in Houston, that's merely the price reduction of one River Oaks home. The 16,931-square-foot, three-story Georgian-style mansion at 1721 River Oaks was listed at $16.95 million in 2015, then reduced to $14.95 million in 2017. It's now being marketed for $9.9 million by Martha Turner Sotheby's International Realty agent Walter Bering. The most recent reduction was a $1.1 price cut in March."

From The M Report. "Demand for homeownership is waning as more residents prefer renting over buying a home, according to the latest national index produced by the Florida Atlantic University (FAU) and Florida International University faculty."

"The Index's scores approaching 1 indicate very little chance for families that own to outperform those that rent and reinvest in terms of wealth creation. Scores approaching zero suggest indifference in terms of wealth accumulation between owning and building equity versus renting and reinvesting. Scores approaching -1 strongly favor homeownership to produce greater wealth for families."

"According to Ken H. Johnson, Ph.D., a real estate economist, and one of the creators of the BH&J Index, the current downward momentum is not surprising since the nation's housing market is entering 'the late stages of the current housing cycle.' Of the 23 metros tracked on the index, data indicates that 19 are in rent territory."

"The index indicated that markets experiencing dramatic to slight downward pressure on the demand for homeownership are Dallas (.978), Denver (.867), Houston (.773), Seattle (.424), Pittsburgh (.414), Kansas City (.392), Miami (.349), Portland (.327), San Francisco (.311), Atlanta (.276), Los Angeles (.224), San Diego (.159), Philadelphia (.147), Minneapolis (.107), Honolulu (.076), St. Louis (.076), Boston (.041), Milwaukee (.030), and Cincinnati (.025)."

"'For markets near zero, I have very little concern about future home prices,' Johnson said. 'Clearly, however, Dallas, Denver, and Houston are the canaries in the coal mine. As they go, so should the markets like Seattle, Pittsburgh, Kansas City, Miami, Portland, and San Francisco.'"