A report from the Jax Daily Record in Florida. "'While affordability concerns remain, there is no sign of a housing bubble,' said Toby Hoff, regional director of the Metrostudy in presentation to the Northeast Florida Builders Association. 'As things get more expensive, buyers are paying more and more, which means they can afford less and less, so we’re losing this very valuable $200,000 segment.'"

"That segment of home prices is 'going to slowly disappear,'” Hoff said. 'The new ‘under $200,000’ is the $200,000 to $250,000 (range), that’s up 24% year over year,' he said. 'There is going to be a limit to what people can afford. Buyers are starting to make concessions that they wouldn’t have made a few years ago. Buyers are beginning to drive farther in order to chase affordability.'"

The Falls Church News Press in Virginia. "In Falls Church, the problem is fast approaching a tipping point, and City government has been very reluctant to step up to its responsibilities because of a long history of resistance here by well-off residential property owners to anything that they (usually wrongly) perceive as negatively impacting their home values."

"No longer is it the accepted wisdom that the development by Amazon of its HQ2 campus in Northern Virginia will barely impact the area for years to come. In fact, the impact is being solidly felt right now, taking the form of homeowners who might otherwise be selling, holding tight to their properties on the expectation that values will rise dramatically over the coming period."

From KELO Land in South Dakota. "The Sioux Falls housing market continues to climb. If you're looking to buy a home, the pickings are slim. If you're trying to sell, you may get more money than you ever imagined. Anne Nelson with the Realtors Association of the Sioux Empire says we're currently in a housing shortage. Which means homes are selling in record time."

"'Some of them in as much as a few hours, and there are some that will be a week or two. Every now and then someone will say to me, well what's wrong with it? It didn't move fast. Well, it's not necessarily that something is wrong with it. It might just be it came on right before Memorial Day weekend and people are out of town. It might be that we got a huge rain fall for three days straight and nobody wanted to look,' said Nelson."

The Santa Maria Sun in California. "Lompoc City Councilmember Jim Mosby is still searching for truth but can’t seem to find it. For example, during a budget workshop on May 15, he claimed that 'it was never really discussed with us what’s going on with revenue,' and 'it was never discussed why [10-year] revenue projections were $1.5 million off in 2019-20 and $2 million off in 2020-21.'"

"This, of course, was false. During a special workshop on Dec. 8, 2018, the management services director told the council that the cause of revenue projection shortfalls was partially due to a 'housing bubble,' meaning that when comparing 2018 to 2006, there is a remarkable decrease in housing construction."

The Independent on California. "Senderos Canyon, a roughly 258-acre tract of land on the edge of Los Angeles's Bel Air neighbourhood, came on the market in 2013 with an asking price of $125m. Three years later, without any takers, the owner delisted the property. On Monday, the property came back on the market with a heavily reduced $75m price tag."

"What could cause such a singular property to depreciate so dramatically over the past six years? Scott Tamkin, who is representing the listing, says the property's initial asking price was unrealistic. 'At that time, the market was a little bit different, and developers and sellers were listing properties at high numbers,' then willingly taking major price cuts, he said. 'We're in a market now where the reality is that prices need to be in the range that buyers want.'"

From Mortgage Professional America. "The annual sale prices for newly-built homes has dropped for the first time in seven years, according to Redfin. Demand was cooling in the second quarter of 2018 as builders began lowering prices and offering incentives to agents and interested buyers."

"'It might seem like the solution to the housing shortage is straightforward—just build more homes—but in many California metros construction workers aren't paid enough to cover their own housing costs, which makes attracting construction workers to build those homes quite difficult,' said Redfin Chief Economist Daryl Fairweather. 'To solve the housing crisis, the government needs to step up and subsidize new construction. Some voters might find it distasteful to give wealthy developers subsidies, but those subsidies could come with strings attached like higher pay for working-class construction workers.'"

The US News and World Report. "Depending on what news bulletin you're listening to or which economist is talking, the U.S. -- and probably the rest of the world -- is on the brink of recession at just about any moment. Of course, what goes up must come down, and lingering memories make many homeowners concerned."

"Already, many markets across the U.S. have seen a slowing demand among buyers. Even for those homeowners still underwater from the last recession, Mark Fleming, chief economist for First American Financial Corporation says as long as they're making monthly mortgage payments, they don't need to worry. 'The challenge is when you're underwater on that mortgage, and then for some reason you lose the ability to make that mortgage payment,' Fleming says."