A report from 27 East in New York. "A court has ordered the sale of Ponquogue Point, the bankrupt condominium project on Foster Avenue in Hampton Bays that stalled when it was near completion. Construction began in 2014. The launch was announced again in 2015, when the sales center and model homes opened by Manhattan- and Miami-based Zyscovich Architects and Water Mill’s Mabley Handler Interior Design. The sales center phone number has since been disconnected."

From Forbes on New York. "As the Manhattan sales market continues to slow, developers in the area are seeing a growth in the luxury rental space, and are following through by building rental properties that have condo-level amenities and activities that go beyond a wine and cheese hour. Jordan Sachs, chief executive officer of Bold New York, which is marketing American Copper Buildings and Twenty Broad Street, said there has been a shift in the sales market at certain price points."

"Bruce Sturman, managing director of The Maxal Group, developer of Harbor 1500 in Weehawken, which boasts central air and views of the Manhattan skyline from every apartment. 'There's a segment of the rental market that wants all the accoutrements of ownership. We've been condo builders in the past. Market conditions will dictate when you can build a rental product,' Sturman says."

From Curbed Boston in Massachusetts. "The median prices for condos and single-families in Massachusetts were both down in July compared with June, off-setting records set during the earlier month, according to new figures from the Massachusetts Association of Realtors. The median condo price was $399,000 in July, a slight drop from the same month a year before and also way off the record $426,165 reached in June."

The News Press in Florida. "The next wave of new apartments labeled as luxury are on the verge of seeing their first tenants along the Colonial Boulevard corridor in Fort Myers. The new wave piggybacked off a previous one."

"'Large projects like this don’t happen predominantly with local investors,' said Matt Simmons, a property appraiser. 'Sometimes what happens is you have a bunch of national developers who are looking at the same market fundamentals. They’re sitting in California or New York or wherever. And they say, ‘Hey, look at Fort Myers and Cape Coral. Look at the population growth. We need to build apartments.’ And they’re right. But what gets lost is that two or three or four other developers are looking at the same reports. And they’re all jumping in. Apartments and multi-family are just hot commodities. Everyone wants a piece of it.'"

"'It’s taking a little bit longer to fill the new communities,' said Crystal Webster, who manages The Edison. 'I’m offering two months free rent. Some are offering six months free rent. There are more incentives out there for new residents. Some of the older communities are having to reduce their rent to become more attractive for people.'"

"About 10,000 Lee County apartment units are in the planning or pre-construction phases, with about 1,900 units opening in 2019. Of those, about 260 units — about 13 percent — are classified as 'affordable.' Holli Noel-DePold, executive director of the Southwest Florida Apartment Association, said she is working to try and boost that percentage of affordable apartment options."

"'We do advocacy in Tallahassee and Washington, D.C., on a frequent basis,' Noel-DePold said. 'What we’re already finding, we’re a little worried about saturation. I do know that a couple of proposed projects have been pulled, just to wait and see what’s going to happen. We don’t want what happened in the mid-2000s to happen again.'"

From Globe St on California. "The apartment occupancy rate in Downtown Los Angeles is faltering as new supply comes to market. According to the latest report from the Downtown Central Business Improvement District, apartment occupancy fell nearly 7% year-over-year to 87%. The news isn’t particularly shocking, considering 5,600 units have delivered in the last year. Most experts expected—at least—a temporary rise in vacancy."

"'Given DTLA has experienced record deliveries over the past five quarters, including 2,300 residences in quarter one alone, it shouldn’t be a surprise that the occupancy rate is down a bit year-over-year,' Nick Griffin, executive director of the DCBID, tells GlobeSt.com."

From City Watch LA in California. "Los Angeles has 110,000 vacant housing units, in part because the rents for vacant apartments are too high for those who are desperate for a place to live, but can only afford low-priced housing. This is what fuels our housing crisis, including homelessness, rent-gouging, over-crowding, and out-migration."

From Curbed San Francisco in California. "If this “classic one-bedroom Beaux-Art Deco” apartment in the Outer Richmond seems familiar, it’s because they appeared on Comparisons less than a eek ago. Sometimes previously advertised units make a comeback here on account of a price, but this one-bath, 743-square-foot pad might have set an all-time record by chopping its price mere days after its first appearance, now down to $2,875 from its previous $3,000 even."

The West Fargo Pioneer in North Dakota. "There was a time North Dakota State University dorms were so full that hundreds of students had to live in hotels. This year, on-campus housing likely will be about 90% full, said Rian Nostrum, university director of residence life. A 10% vacancy rate may seem high, but he says it gives NDSU an option to be more flexible with space for students who don't want roommates, he said."

"Vacancy rates for off-campus rentals in north Fargo have increased in recent years, convincing some that Fargo has overbuilt on apartments. June’s rental vacancy rate for north Fargo was 11.6%, compared with a citywide vacancy rate of 8%, according to Appraisal Services Inc."

From WLFI on Indiana. "Hundreds of students moved into The Hub on Campus on Sunday. While it's marketed as a high-end, luxury-living apartment, tenants say that's not what they're seeing. Tenant Juwon Lee said she feels she was scammed."

"'Really you trust these people, they're so nice over the phone until you get your lease signed they promise you all sorts of things and they send you really nice emails and then you develop this sense of trust that okay, this will be perfect I'm paying for this expensive place but it'll be good and because of that I'll be able to be at Purdue and I'll be very productive and it'll work out,' said Lee. 'But no, then you come here and it would've been better if I went somewhere else.'"

"The Hub promised fully furnished apartments and while furniture was in the room, it wasn't all built. Lee was left without a mattress among many other issues. 'They really need to shape up,' said Lee. 'You have to do better. You can't put the risks on your tenants who are mostly young students people who don't know how to deal with these kinds of situations.'