A report from the Sacramento Bee in California. "Homes values declined last month across the country and in many large California metro areas, according to Zillow. The Sacramento region was no exception. 'In general, Sacramento is slowing down but not as dramatically as San Jose and San Francisco,' said Skylar Olsen, Zillow’s director of economic research."

"'The general overarching narrative across the U.S. is that housing is slowing down,' said Olsen. 'Coastal California markets are just extreme versions of that narrative — they were moving much faster than other metros and the slowdown is more abrupt.'"

The Atlanta Journal Constitution in Georgia. "Overall demand peaked a little more a year ago and home prices in many regions – including Atlanta — started to decelerate. The number of homes listed for sale is 16% higher than it was a year ago, said Andy Peters, operating partner at Keller Williams Realty Georgia Legacy Group. 'That wouldn’t be a cause for concern if we were selling more homes, but the pending rate (the share of homes under contract for sale) is down 3.2% compared to the same time last year.'"

From Bloomberg on New York. "Here’s one advantage to selling pricey condos near, but not on, Billionaires’ Row: You can tout your project as a bargain. It’s a strategy that apartment landlord AvalonBay Communities Inc. is looking to as it begins marketing its first for-sale project, the Park Loggia in Manhattan. The real estate investment trust acquired the site in 2015 for $300 million, near the peak of Manhattan’s high-end sales frenzy, with plans for luxury rentals and, perhaps, some condos."

"Since then, the borough has become saturated with both. AvalonBay studied its options and, well into construction on the 32-story project, decided the more-lucrative option was to go all-condo. 'We think it’s priced right,' said Martin Piazzola, AvalonBay’s senior vice president of development. 'Something around the corner is probably 50% more per square foot -- or double. You do all the math and suddenly, they’re astronomical and we’re attainable.'"

"Selling condos in Manhattan has gotten tougher these days as the well-heeled take their time to sort through the sea of high-priced options. Buyers are also becoming more sensitive to carrying costs, thanks to the new tax law that limits how much of their property levies can be written off on their federal returns. At the end of 2019, there will be about 9,004 unsold condos on the market in Manhattan, and it would take nine years to clear them all at the current pace of deals, according to estimates from Miller Samuel."

From Realty Biz News. "The data is still early and a little sketchy but there are reliable indications that the residential market is entering a period of decline – probably a soft landing. Since last summer, sellers have rushed houses onto the market to take advantage of high prices. At the same time, buyers have been backing away from the market because houses are unaffordable."

"Even as prices decline, Seattle now has 2,370 more homes on the market than at the same point last year – an increase of 24%. Based on declining prices and increasing inventory, Zillow now rates Seattle as a buyer’s market. But buyers aren’t in a hurry to lay down massive down payments just yet."

"It’s entirely possible that Seattle’s home price decline is an exception rather than a leader of a national trend. But there are other strong indicators. NAR reports the top four cooling markets compared to last February are: San Jose, Portland, San Francisco, and Los Angeles. The overall average housing supply in these major cities is up 40.2% year on year."

From Patch Illinois. "The price tag on the location of Mr. T's notorious 'chainsaw massacre' has been cut by more than $1.5 million. The sellers of the 7.5-acre estate between Western Avenue and Green Bay Road sliced their asking price Monday to just under $6 million — less than half of what the property was seeking a dozen years ago following a renovation."

From Northern Neck News. "Virginia True, owner of the controversial Fones Cliffs, is broke and deep in debt. The company has no operating revenue or expected income. Still, it has high hopes for the waterfront estate. The company filed a petition in the New York Eastern Bankruptcy Court for relief under Chapter 11."

"In court documents, Virginia True explains that it still owns the 977-acre property in Richmond County and plans to keep it. The company touted the estate as being in an Opportunity Zone, which offers tax incentives for long-term investments in areas with high poverty rates and sluggish growth."

"In the new vision, Virginia True plans to claw its way out of debt by developing the property to attract 'high-paying' clientele from the Amazon headquarters that’s slated to open in Northern Virginia. Howard Kleinhendler, Virginia True’s executive vice president was quoted as saying, that it’s almost impossible to get conventional funding for a golf course. As soon as lenders hear the word, they hung up."

From Bravo TV on New Jersey. "The Housewife has left the building (er, state), y’all! In a post to her Instagram account this weekend, The Real Housewives of New Jersey alum Jacqueline Laurita announced she was leaving New Jersey, the state she was born in, once again. Despite her excitement, Jacqueline is moving amid some alleged financial troubles. She and her husband, Chris Laurita, have put their Franklin Lakes home on the market for $1.85 million (and have since lowered the asking price by $100,000) — but according to NJ.com, the property is facing ongoing foreclosure proceedings."

"Chris recently sold many of the family’s furnishings and belongings on his Facebook page, and he faced some ridicule for doing so. 'Why can’t someone write something positive about a family pulling up their bootstraps and moving on to bigger and better opportunities?' He also added that the family had the opportunity to relocate to a home that was a completely different style from their New Jersey estate, and that his Facebook yard sale had 'nothing to do' with the foreclosure proceedings."