A report from CNBC. "Homebuilders and buyers alike are pulling back, even as mortgage rates fall to multiyear lows. Just 12% of adults said they plan to buy a home in the next year, according to the National Association of Home Builders. That is down from 14% in 2018. 'The drop marks the third consecutive year-over-year decline in the share of adults thinking about buying a home, providing further evidence of a slowdown in the housing market, as potential buyers are held back by the lowest levels of affordability in a decade,' wrote Rose Quint, NAHB’s assistant vice president for survey research."

The Daily Camera in Colorado. "The Boulder County housing market is slowing down, according to the latest data for the month of July from the Colorado Association of Realtors. New listings keep popping up, but sales are hovering at the same numbers as last year and prices haven’t moved much, said Kelly Moye, former president of the Boulder Area Realtor Association."

"'July and August also are our slowest months in general,' she said. The market as whole seems to be slowing down, she said. The market for high-end homes, costing about $1.5 million to $1.8 million, has been sluggish for a year or two, she said. 'We are in a plateau phase.' This provides more room for negotiations between sellers and buyers, and possibility of a small reduction in the listed price, Moye said."

"The median sales price of single-family homes in Boulder County dropped 2% to $598,000 last month from $610,000 in July 2018. The market is reverting back to being normal, said Barry Remington, a Boulder-based realtor with WK Real Estate. It’s taking a little longer to sell. This trend became more pronounced since the beginning of the year, both in the upper end single family home and condo market, he said."

The Wall Street Journal on California. "Los Angeles’ priciest-ever real estate listing, a 157-acre Beverly Hills parcel known as 'The Mountain,' is scheduled to be sold at auction Thursday. The vacant parcel with sprawling views of the L.A. basin, also known as 'The Vineyard,' was listed for $1 billion last year, but the price has since been lowered to $650 million."

"A U.S. bankruptcy judge in Los Angeles dismissed the company’s petition last month, seeking to put an end to years of litigation and setting the stage for a foreclosure. Hamid R. Rafatjoo of Raines Feldman, a lawyer for unsecured creditors, such as attorneys and consultants who have worked on the property, said his clients are also unhappy about an auction, since it could result in a lower price for the property and they may not be repaid."

"Secured Capital filed for bankruptcy protection in May. 'It’s messy,' said Adam Stein-Sapir, a portfolio manager at Pioneer Funding Group who specializes in analyzing bankruptcy cases. 'This is maybe one of the most valuable properties in the U.S.'"

The Long Island City Post in New York. "The supply of condos in Long Island City has reached a record high and it could take years before the market absorbs them all, according to a new study released by a local real estate consultant. More than 1,100 new-development condos are currently for sale in Long Island City and hundreds more will become available over the next year, according to the study. The number is particularly large considering that approximately 2,500 condos were built in Long Island City between 2006 and 2018."

"The booming supply means there are a lot of buildings for buyers to choose from. Most of the units in these buildings are currently in construction. 'This is a great opportunity for buyers because there is a wide selection of floor plans, price points and locations available,' said Patrick W. Smith, a real estate consultant and broker who has tracked the Long Island City condo market since its inception and conducted the study."

"Historically new condos have sold at a pace of about 20 units per month, according to Smith’s analysis based on city and public records. In 2018, 283 condos sold in Long Island City, with 191 of these being new development, according to Smith’s findings based on transactions recorded with the city. The number of new development sales equated to 16 per month, while the resale market came in at eight per month."

From Houston Agent Magazine in Texas. "A constellation of factors point to a possible recession in the coming months or years, but the housing market will be neither the cause of it, nor the hardest-hit part of the economy. That was the take-home message in a presentation on the health of the economy and the housing market by Metrostudy Chief Economist Mark Boud."

"Boud was careful to emphasize the differences in the makeup of the housing market and larger economy in 2019 as compared to 2008, when the last recession began. Oversupply in the housing market came together with loose lending standards to help create a situation in which housing was a leading element in a larger economic malaise and, ultimately, a deep recession."

"'Demand is high, and what this means is that prices probably won’t go down much [as they did during the last recession],' Boud said."

"Boud described most U.S. markets as 'top-heavy'—busy and well-supplied at the higher price points, but severely lacking in supply that’s affordable for first-time and lower-income homebuyers. Boud also cautioned that years of prosperity and steady population growth in Texas could become unsustainable in the coming years."