A report from King 5 News in Washington. "KING 5 interviewed five local economists, some who specialize in real estate and others in academia. They weighed in on the possibility of another housing bubble and on the likelihood of a buyer's market in the near future. Are we in another bubble?"

"The economists agree the answer is no. Matthew Gardner says standards to buy a home are higher now. 'We will experience a slow down to let incomes catch up,' Gardner said."

The Daily Commercial in Florida. "Right now, there is a bubble of high-end homes in Florida. Homes in the $250,000-plus range are harder to sell. If the economy falters, there will be an excess of high-end homes that will wind up with diminished values or in foreclosure."

"I have purchased commodities on the open market for nearly 40 years. The first rule in buying commodities during a declining market is that your first markdown is your best. During the Great Recession, homeowners refused to lower prices believing it was temporary."

"In 2006, the median home price in Lake County was $248,047, and by 2011 it dropped to $128,388, which is a 48.2 percent decline. Preliminary signs of the Great Recession started in the fall of 2006. Looking back, how many people at that time wished they would have sold their home before the market crashed?"

"Sadly, based on what I see in the economy, the lessons taught by the Great Recession have been forgotten. The final exam for most Americans will probably occur within the next couple of years as another recession looms on the horizon. Yes, home values will decline again. Americans are paying too much for housing and not living within their means. Many couples are paying more than 50 percent of their income for housing and this is not sustainable."

From Newsday on New York. "A growing number of homes for sale is giving Long Island home buyers more options. 'We’re starting to feel the effects of a more balanced market,' said Michael Flynn, an associate broker with Keller Williams Realty of Greater Nassau in Garden City. For homes priced at $500,000 or less, he said, 'it’s still going very quick. There’s very strong demand.' But demand tapers off as prices rise, he said: 'Over $600,000, we’re really seeing more of a buyers’ market.'"

The Los Feliz Ledger in California. "In a Los Angeles City Council motion introduced today, local District 4 Councilmember David Ryu and councilmembers Mike Bonin, Marqueece Harris-Dawson and Paul Koretz called for the city to report on the number of vacant housing units in the city and explore penalties for landlords who intentionally keep housing units empty."

"According to the motion, Los Angeles has a 500,000-unit shortage of affordable housing and 2017 census data show there were more than 100,000 vacant units of habitable housing in the city–if passed, the motion would call on the city to update that number to reflect the number of vacant units today."

"'We need to get serious about tackling our affordable housing crisis, and that means taking stock of every vacant unit in Los Angeles, and holding those who keep housing off the market to account,' Councilmember Ryu said in a statement. 'We know that our City has more than enough luxury housing but not nearly enough affordable and moderate-income housing.'"

From Spectrum News 1 in California. "Los Angeles City Councilmember Mike Bonin will propose a vacancy tax Tuesday. The so-called Empty House Penalty would impose a fee on landlords with empty units. 'It’s time we had a vacancy tax,' Bonin said. 'We have a glut of luxury housing in Los Angeles. A lot of these developments are being built and they’re investments for people, mostly foreign investors, and we have units that stay vacant most of the year.'"