A report from Think Realty on Florida. "While flipping properties may not be the right strategy in the southern part of the state, in central Florida, Billy Ross is busy flipping and wholesaling properties in the greater Orlando metro area. If Ross sees any risk at all in his market, it’s in owning rentals. He does not believe now is the time to be buying a lot of rental properties in his market. 'The market is correcting, not really crashing,' he said."

"Gabriel Garcia started wholesaling properties in south Florida on his own not long after the crash in 2013. Garcia sees south Florida as one of the riskiest markets in the country to flip properties. 'If you bought five years ago, the market would work in your favor. But not today. It’s a combination of buyers not being able to get financing and inventory staying around longer,' he noted."

The Wall Street Journal on Florida. "Miami’s South Beach is on the outs. In the first quarter, South Beach condo prices tumbled 16.5% to $746,397 from the same period last year, while the number of sales dropped 11.6%, according to Miller Samuel. Restaurateur Lee Lyon closed last year on a two-bedroom condo at 300 Collins in South Beach, but moved with his wife and baby to a house in Coconut Grove. South Beach 'has gotten a little rougher,' he said. Mr. Lyon paid $1.475 million for his South Beach condo. He put it on the market in April for just under $2 million; So far, he’s gotten one lowball offer."

From San Francisco Curbed in California. "Core Logic reported that the median home price in San Francisco is down year over year, dropping four percent in May. The year-over-year drop from CAR for the entire Bay Area was 5.7 percent, ebbing below $1 million down to $990,000. Beacon Economics’ regional outlook report for California homes, released this week, compared performances across the entire quarter. Their conclusion: Yes, prices are down in the long term as well: 'Given the Bay Area’s healthy economy, it’s possible that even with all of the wealth being created in the region, the price points for homes have reached a level that households simply cannot afford.'"

The San Francisco Chronicle in California. "Today, 'there is a sense of pause by buyers because they don’t know what’s next,' said Selma Hepp, chief economist with the Compass real estate brokerage. 'We are definitely seeing a lot of activity out there; buyers are coming to open houses. But for homes in imperfect condition, or imperfectly priced, they’re not willing to pull the trigger.'"

"Plotted on a graph, prices today look like a 'tabletop,' compared with the 'mountaintop' seen in the last cycle when prices plummeted after a steep run-up, she said."

The Los Angeles Times in California. "Jim Buss, part-owner of the Lakers, has brought his L.A. Live condo back to market with a reduced price: $6.495 million. It’s his fourth relist in four years. Found in the Ritz-Carlton Residences, the home hit the market for $8.8 million in 2016 and was up for grabs at $6.75 million last year. He bought the property for $4.05 million in 2013, records show."

The Real Deal on New York. "Tom Brokaw’s Pound Ridge home has taken a significant price chop, the New York Post reported. The veteran NBC News journalist and his wife, Meredith Auld, put their 56-acre estate on the market for $6.3 million last summer. They’ve reduced the ask for their home to $4.25 million — the same price they bought the property for back in 1998."

From Vail Daily in Colorado. "Dear Joan: I think I am seeing an increasing number of homes for sale, and more homes languishing on the market in my neighborhood, judging from the signs in the yards. We keep hearing about homes flying off the shelf, and bidding wars, and shortage of homes on the market … and I cannot make sense of that in my neighborhood." 

"Friends of mine have said they are seeing more signs going up and that those signs are staying longer in their neighborhoods, too. Is it an illusion that we are not seeing correctly, or are home sales slowing down? Should we be worried about the whole economy again if it’s true that there is another big housing slowdown? Tell me something good! — Watchful and Worried"

"Dear Watchful and Worried: I believe there is some merit in your observations, but I do not agree with the conclusion you fear. In the latest published market analysis for April, the Vail Board of Realtors showed that in 2018 the averages days on market for a home to sell was 115 days and in April of 2019 it took an average of 131 days for a home to sell."

"We know that some homes do sell quickly after coming on the market, but the average days on market indicates that some of the homes actually do 'languish' before they sell, or at least go off the market in some fashion. I think the better question is, why do some homes sell so fast and some appear to take forever?"

"We used to say homes sold for three reasons: location, location and location. However, now it’s price, condition and location. I believe the increased days on the market can largely be attributed to price. Many homeowners have been waiting for a good market to sell, and it is here. However, Buyers are very savvy today and can compare homes on the market easily on the internet. So they are not fooled by someone overpricing their home for what the market is doing in their neighborhood."