A report from NBC Bay Area in California. "If there's ideal timing when buying a home in the expensive Bay Area, it's now. It's the best week of the year to buy, according to Realtor.com. In the Bay Area, there are nearly 30 percent more homes on the market this week than the average week, giving buyers a lot more to choose from."

"'What's happening is it's turning into a normal market said Realtor Craig Gorman. 'Last year, everybody brought stock options, so that's why the prices got so high. This year, people aren't bringing stock options, so it's not that the prices are falling or that the prices are getting soft; it's just people are paying what the house is worth. Last year, they just didn't care; they just wanted to get in.'"

"The Schatz family just sold their San Jose home this month and were able to buy a bigger house in Elk Grove with a pool. They sold for less than they would have made a year or two ago. But they're happy to move on. 'There was a big selection, as to what we both wanted as far as our (his and hers) want list. Maybe a year ago, it would have maybe been a different story on how much more we would have gotten,' Frances Schatz said. 'But you can't predict the future.'"

The Denver Post in Colorado. "Below average isn’t something most people aspire to, but that is what homeowners in metro Denver likely face after years of robust home price appreciation, according to Zillow. In California’s San Francisco and San Jose markets, home prices are down 1.9% and 10.8% respectively over the past year, according to Zillow’s counts."

"And they are dropping on a quarter-over-quarter annualized basis in Las Vegas, Chicago, Portland, Seattle, Sacramento, Boston, Baltimore, New York, Los Angeles, Washington, D.C., and San Diego. Tony Carnesi, CEO of Keller Williams Realty DTC, said the prime summer selling season wasn’t as robust as expected this year in metro Denver, which he attributed to a colder than usual May and June. 'We had such a weird summer,' he said. 'We usually see a summer spike. We never saw that.'"

"Part of the struggle the local market faces is that sellers continue to hold unrealistic expectations of what they can get for their homes. That stubbornness has caused some listings that went on the market in March to still be sitting there. To back up his point, he provides some statistics from the past week. In the past seven days in the six-county core metro area, there have been 1,847 new listings, but also 2,091 price decreases on existing listings."

"'A lot of sellers have been overpricing their properties, and they are taking longer to sell,' he said."

From Mansion Global on New York. "Affluent buyers in Manhattan signed 11 contracts for homes priced at $4 million or more in the week ending Sunday, continuing three months of sluggish luxury sales, according to a roundup of deals from Olshan Realty. Last week, was 'a dismal total by any measure,' wrote Donna Olshan, president of Olshan Realty and author of the report. It also marked the 12th straight week that the number of high-end deals in Manhattan was below 20—a threshold Ms. Olshan uses to denote a strong market."

"Those homes that did find buyers are getting bigger price cuts than a year ago, as sellers try to compensate for the added closing costs. Luxury homes that went into contract since July 1 got an 11% discount compared to 8% in the same period last year, according to Olshan. The total dollar volume of high-end deals has also plummeted since the tax went into effect. Luxury contracts over the last three months totaled $1.33 billion, nearly one-third less than the same period last year, when deals totaled $1.92 billion."

"The second-biggest deal of last week was a Chelsea townhouse asking $13.5 million, marking a massive discount from the $24.5 million the seller was asking when the home first hit the market in August 2016, according to the report."

From Bossip on New Jersey. "Rapper Jim Jones and his long term love Chrissy Lampkin have had their New Jersey mansion foreclosed on and sold at auction, BOSSIP has learned. The U.S. National Bank Association sued the reality star couple back in 2017 for allegedly failing to pay their mortgage since 2010. According to the complaint, Jones bought the house in 2006, and took out a $680,000 mortgage with a 6.875 percent interest rate. He agreed to make monthly payments of $4,467."

"However, the bank said Jones stopped paying it almost ten years ago, and under the terms of his mortgage, if he went into default the entire amount would be due. Last year, the bank said it reached an agreement with Jones and Lampkin to pay the debt and get the home out of foreclosure. However, the deal must’ve fallen through because eight months later, the bank asked the court to issue a final judgment against the couple."

"In total, the bank says that Jones and Lampkin owe $1,240,017, which includes interest, real estate taxes, advances and homeowners insurance, according to court papers obtained by BOSSIP. The five-bedroom, three-bathroom home is now valued at $742,000, according to Zillow."

From Redfin. "Just six of the 85 largest metro areas Redfin tracks saw a year-over-year decline in their median sale price, the biggest of which was in San Jose, California, where home prices fell 11.6 percent from a year earlier. Measures of competition still indicate that the housing market was slightly cooler in August than it was a year earlier. The speed at which homes went off the market slowed slightly, to 41 days, up from 39 in August 2018. This is a continuation of the trend over the past eight months, when the speed of sales has slowed by an average of two days compared to last year."

"The share of homes sold above list price fell to 23.2 percent in August, down from 25 percent a year earlier, following the same trend that we have seen for over a year. Also, 28 percent of homes listed for sale had a price drop in August, up from 27.4 percent in August 2018. This is the second-highest rate of price drops on record, only surpassed by the 29.6 percent rate last October."

"San Jose, CA had the highest increase in the number of homes for sale, up 12.5% year over year, followed by Oxnard, CA (11.5%). Philadelphia saw the largest decline in sales since last year, falling 10.0%. Home sales in San Francisco and Salt Lake City declined by 9.8% and 9.2%, respectively. The median list price-to-Redfin Estimate ratio was 102.1% in Miami and 101.9% in West Palm Beach, FL, which means sellers are listing their homes for more than the estimated value in those metro areas. In Miami, 82.8% of homes were listed above their Redfin Estimate, the highest percentage of any metro."