A report from Inman News. "Overall delinquency rates have risen somewhat in 42 percent of the country. Panama City, Florida and Albany, Georgia saw some of the highest rises in serious delinquency rates, or payments that are due by more than 90 days, across the country. According to CoreLogic, such numbers are the result of homeowners getting caught off guard with higher-than-expected payments in certain times of the year."

"The largest gains in foreclosure and delinquency rates came from areas that have been hit by natural disasters in the past two years. Houston, which was ravaged by Hurricane Harvey in September 2017, and southern Florida, which was hit by Hurricane Michael just a few weeks later, both have some of the highest delinquency rates in the country. In many cases, homeowners whose property suffered damage fall delinquent on their mortgage as they take time to figure out whether to make repairs or sell."

The News Press in Florida. "Gerda Graf was plagued with financial woes when she took out a reverse mortgage 10 years ago. Earlier this year, the 83-year-old lost the home she has owned for more than 40 years. She is one of thousands of senior Floridians facing the same outcome."

"Nearly 15,000 older Floridians out of the 85,000 currently holding reverse mortgages are in danger of losing their homes in the coming years, according to data from the U.S. Department of Housing and Urban Development."

The Real Deal in Florida. "A former managing director of an investment management firm in Indiana sold his Miami Beach condo for $7.1 million, a slight loss from its previous sale four years ago. Property records show that Egan paid $7.85 million for the condo in 2015. The unit first hit the market in 2017 for $9.25 million. It was reduced to $7.95 million by December 2018, according to Realtor.com."

From Creative Loafing on Florida. "Vinny Testaverde is having a hell of a time selling his Tampa area home. The former Tampa Bay Buccaneer unsuccessfully put his lakefront Odessa home up for auction last March, and is now putting it back on the market for $3.95 million, reports the Tampa Bay Times. According to the online listing, the home has been price slashed by over half a million dollars."

From Mansion Global on New York. "The crowning triplex at the only Zaha Hadid-designed condominium in New York City has gotten a nearly $10 million price cut, as developers citywide adjust expectations amid a cooled luxury market. The two-unit spread is now asking $48.75 million as of this week, according to a spokeswoman for the building, about 16% off the most recent asking price of $58.5 million."

"Greg Gushee, executive vice president of The Related Cos., the building’s developer, said the reduced price is more in line with buyer expectations. 'Pricing has now been adapted appropriately to where serious buyers have expressed interest, and there remains tremendous demand for best-in-class properties like this one,' Mr. Gushee said."

From Patch Sugarland in Texas. "This home exudes luxury and features lavish attention to detail in every corner of this estate. Price: $4,495,000. Features: Price Reduced over $700, 000!"

The Orange County Register in California. "More choices for house hunters is translating to fewer buyers willing to pay up. ReportsOnHousing has detailed the rush of sellers by tracking what’s for sale within broker listing networks. As of May 30, the report found 36,335 existing homes, an 18% uptick in a year, listed in Orange, Los Angeles, San Bernardino and Riverside counties. That’s well above the average inventory of 31,979 at this time of year since 2012."

"Perhaps the most worrisome trend is what’s happening with ReportsOnHousing’s metric for demand. If you could tell me WHY house hunters are pulling back when the job market is strong and mortgage rates are back to near historical lows, we could accurately grade this bubble-ish evidence."

"If potential buyers think the cooling appreciation will soon turn to depreciation, they may wait for the hoped-for seller discounting to begin. And that delay alone could make price-cutting a self-fulfilling wish. Of course, if/when prices are significantly falling … these same bargain hunters will likely get skittish about ownership and further put off a purchase. That’s when a minor course correction for prices could turn into something far uglier."