A report from the New York Times. "A year ago, many housing markets were in a 'frenzy,' with multiple buyers competing for properties, said Lawrence Yun, chief economist for the Realtors association. But the inventory of homes for sale has notched upward this spring, tilting the balance of power away from sellers, especially for higher-priced homes."

"'The upper end of the market is very soft,' Mr. Yun said, and buyers of those properties have better advantage over sellers."

From Twin Cities Business in Minnesota. "Construction of new single-family homes in the Twin Cities continued a downward trend in May. For homes costing more than $1 million, there’s enough supply to last more than 10 months. 'Our market is oversupplied overall, but not across every price point,' says David Arbit, director of research and economics at the Minneapolis Area Association of Realtors."

The Mountain Democrat in California. "The Great Recession has been credited with the slow start for millennials but that’s way behind us. It’s time they step up, take the field and buy a home. Their absence is evident by a national housing funk. Real estate economists can’t explain why spring sales are disappointing despite falling mortgage rates and a robust economy. U.S. home sales have been declining over the last 14 months, according to the National Association of Realtors."

"In El Dorado County April home sales were 25 percent under April of last year and this May is running 10 percent fewer sales. A year ago, my reasoning for the slow spring was a shortage of  homes for sale."

"But wait — inventory is up 30 percent from a year ago and home sales are less than last year. It’s not an inventory shortage. We are experiencing a millennial shortage."

The Daily News in California. "Realtors have been keen to watching a market with diverging forces pushing and pulling on it, with a sprinkling of good news for buyers trying to buy the most affordable home possible. That good news is that after home sales hit a low in February, some home sellers have realized that prices had been rising too fast and needed to loosen up a bit on prices if they wanted to unload their home."

"'A slowly increasing inventory, lower interest rates, and sellers willing to negotiate all contributed to the April increase in sales,' said Dan Tresierras, president of the association. 'The fourth consecutive month of lower interest rates bolstered buyer confidence in the market, convincing them that they have greater negotiating leverage today than just a short while ago.'"

The Review Journal in Nevada. "Some people may think the zombie homes of five or 10 years ago are a thing of the past. But a drive down Kasper Avenue is a stark reminder that, though things are looking up, a house can still get boarded up and barbecued."

"Las Vegas hasn’t washed its hands of foreclosures. Case in point: the boarded-up house at 600 Kasper Ave., off D Street and Lake Mead Boulevard. The one-story home, built in 1960, sold in 2007 for $207,500 and was foreclosed on last June, according to county records. It’s now on the market for $65,000. 'INVESTORS!! Full fixer upper,' the listing says."

From Soap Dirt. "Sister Wives news reveals Christine Brown‘s Las Vegas home has been withdrawn from the market and relisted. So, it almost goes without saying that the refreshed listing comes with a significant price cut – just over $100K. Clearly, the polygamist family is getting desperate. A price reduction usually signals the seller’s motivation. However, most buyers take that as a sign to offer even less."