A report from Summit Daily in Colorado. "Summer and early fall are often the busiest times for real estate in Summit County. But with national news predicting an economic recession paired with a downturn in Denver’s real estate market, Summit County buyers seem to have backed off. July’s number of home sales, total sales volume and luxury home sales were all lower than July 2018, with decreases ranging from 10% to 18%. 'There is a general cooling down on the economy, especially in Denver, and we’re close enough to be a bit affected by Denver’s market,' said. Summit Association of Realtors president Thomas Coolidge."

The Review Journal in Nevada. "The streak is over. Phoenix nudged Las Vegas aside to claim the fastest-growing home prices in the nation in June. About 7,800 houses were on the market without offers at the end of July, up 63 percent year-over-year, according to the Greater Las Vegas Association of Realtors."

"Buyers have 'become unwilling to pay escalating prices for the relatively low inventory of homes that are on the market' and are making sellers wait or drop their prices, said Matthew Speakman, economist at Zillow."

The Chicago Tribune in Illinois. "Different mindsets among buyers and sellers of homes along the North Shore is one reason towns like Glencoe are experiencing increasing home values while prices are down next door in Winnetka. Prices soared in Kenilworth, climbed slightly in Glencoe but fell more than 10% in both Winnetka and Wilmette for the 12 months ending June 30 against the same period last year, according to the North Shore-Barrington Association of Realtors."

"With the average value of a home in Kenilworth, Winnetka and Glencoe at more than $1 million, Karen Arenson, managing broker for Coldwell Banker Residential Brokerage in Winnetka, said customers are adjusting to a changing marketplace. 'The buyers and sellers are not on the same page while the market is not sure if it is a buyers’ market or a sellers’ market right now,' Arenson said. 'There is confusion between what they hear on the national news and the local markets. Real estate is hyperlocal.'"

From Boston Agent Magazine in Massachusetts. "'Our housing market has proven to be remarkably resilient these last several years. However, after absorbing years of record high home values and steady price appreciation, not to mention unprecedentedly low levels of homes for sale, it appears our long-running seller’s market is nearing an end,' said Greater Boston Association of Realtors President Jim Major. 'Home values have been slowly moderating throughout the year, and in a number of communities prices have either reached their peak or are in decline.'"

The New York Post. "Veteran journalist Tom Brokaw is finally in contract to sell his Pound Ridge, NY, estate following a massive price cut. But he won’t break even on the Westchester property that he’s owned for decades, Gimme Shelter has learned. The 36-acre gated compound, which first asked $6.3 million in June 2018, was last asking $4.25 million. That’s around the same price Brokaw and his wife paid for the vacation retreat in 1998."

From Curbed New York. "Back in January, we wrote about a Harlem megamansion, a combination of two townhouses, 32 and 33 Mount Morris Park West, asking a record-setting $27 million. Now, the two houses have listed again—but with a price cut—asking $14.9 million."

The Orange County Register in California. "Median home prices in San Diego and Ventura counties were unchanged from a year ago, and Orange County experienced a 0.8% dip in its median — the county’s fifth year-over-year price drop in the past six months. Some agents attribute falling prices to a lack of affordability in a county where the median price of a single-family home was $800,000 in July."

"'It’s hard for people to come up with that kind of money for a first-time buyer house,' said Dustin Ives of TNG Real Estate Consultants in Los Alamitos. 'As soon as you get above $1 million — and that’s the price for a lot of Orange County — very few people can afford that.'"

"This year’s mortgage rate drop helped home sellers in Riverside, said Carlos Gutierrez, an agent with Keller Williams Realty in Redlands. 'That made lending more affordable,' he said. But, he added, 'it goes both ways. I know there are people who are skeptical, and they’re waiting on the sidelines for prices to come down.'"

"Zillow reported 15.7% of sellers in Los Angeles and Orange counties cut asking prices in July, vs. 14.3% in July 2018. And 17.4% cut asking prices in the Inland Empire, vs. 16.1% a year earlier. At the same time, for-sale inventory increased 6.4% in July from year-ago levels to more than 44,000 listings, figures from Reports On Housing show, giving buyers more homes to choose from and decreasing competition."

From KSVN in Florida. "Condo problems in South Florida are nothing new, but one complex has such 'complex' issues that they’re staging a resident rebellion. Blue tarps have covered the Magnolia Lane condos in West Kendall for years. The roof is in terrible condition and the tarps are no match for South Florida storms. Francisco Rodriguez, resident: 'When it rains hard, all the water runs down the window and runs into the units.'"

"But the roof is just a small part of the problem. Despite owners of the two hundred units paying around $300 a month in condo fees, the complex is in disrepair and the association is broke. Condo owners are organizing a recall to throw out the existing board and start fresh. But even if they do they still have to figure out a way to pay off the condo’s debts, and fix the roof. Oh, and pay the lawyers now required to sort it all out."

"Francisco Rodriguez, resident: 'I am constantly looking for another place to live, you know to try and get out of here.'"