A report from CNBC. "Low rates, combined with more moderate home prices and more desperate sellers, are all bringing buyers back to the market. Dallas real estate agent Kelley McMahon said she is seeing a stronger fall but a pickier buyer. 'I feel like there’s more inventory than there has been in the past. Usually in the fall I’m a little slower, but I have not slowed down at all,' said McMahon. 'I feel like there are a lot of homes hitting the market, but if they’re not priced right they’re going to sit for a bit.'"

From Fox 5 in Nevada. "The housing market in Las Vegas is stabilizing for the first time in decades, according to the Greater Las Vegas Association of Realtors. According to the new figures from the realtors association, the number of homes up for sale at the end of August without any offers is up 33 percent from last year. However, experts said that is likely because buyers are not jumping at the initial listing price. Many are starting to negotiate the price and try to get a better deal. Yet another sign of a normalizing housing market."

From Bisnow on Washington DC. "When sales began at the Westlight condo building in November 2016, people lined up overnight to sign the first contracts. Now nearly three years later, 30% of the units in the building are unsold, and its developer says it will be his last condo project.Eastbanc founder and CEO Anthony Lanier, who has been one of D.C.'s most prominent condo developers for the last 30 years, said he is no longer bullish on the for-sale market and is shifting his focus to apartments."

"'This will definitely be my last condo project,' Lanier told Bisnow . 'I said, 'Shoot me if I build another one.' I just think it's an overvalued business model and the D.C. market doesn't provide enough margins for the condo developer.'"

"Westlight Sales Director Mei-Mei Venners said the high-end condo market has slowed down in D.C. and across the country. 'Everything over $1.5M, which is a lot of the Washington luxury inventory, has quieted,' Venners said. 'People are sitting in the wings and not pulling the trigger as quickly. They don't have to purchase. Maybe they rent for a period of time until we figure out what the stock market is doing and what the economy is doing.'"

"George Mason University economist Stephen Fuller said there has been an oversupply of luxury residential properties in the D.C. region and not enough demand to match it. 'In the McLean, D.C., Bethesda or Arlington markets for condos or single-family detached homes over $2M, there aren't enough customers,' Fuller said. 'There are condos waiting to be built and they're still waiting to get enough buyers to build them.'"

From Mansion Global on New York. "A 6,000-square-foot apartment at the famed Dakota building on Manhattan’s Upper West Side was relisted Monday for $25 million, a $14 million price cut from its first listing in 2016. It was first listed for $39 million in March 2016, according to records. It was removed later that year, only to reappear with another brokerage for just under $29 million in May 2017. The listing was removed later that year."

The News Tribune in Washington. "In the NWMLS news release with the August numbers, OB Jacobi, president of Windermere Real Estate, said: 'Pierce County is now experiencing what King County did 24 months ago where a surplus of buyers and lack of supply are pushing up home prices.' 'The Seattle area housing market is still coming off the ‘sugar high’ that we saw last summer,' Jacobi said, 'but homes sales and prices are stabilizing.'"

The Seattle PI in Washington. "Year-over-year, Seattle experienced more sales, closings and listings compared to August 2018 with one exception. The citywide condo median sales price dipped YOY by 10.8% to $450,000. In respects to inventory, the number of active Seattle condo listings for sale remained in the high-600’s."

"However, not all condo listings available for purchase are listed in the NWMLS such as to-be-completed new construction units. Therefore, the true number of listings is slightly greater than indicated. By MLS neighborhood areas, all areas noted more listings and most saw improved sales activity, many by double-digits compared to August of last year. Though, all areas with the exception of Northeast Seattle experienced lower median sale prices for the month."

The Orange County Register in California. "Buzz: California economy cools, especially in the Inland Empire. The Federal Reserve Bank of St. Louis created regional economic indexes for 68 major metropolitan areas across the nation. Compiled from a dozen variables, these indexes track the change in the region’s business output. The economy of Riverside and San Bernardino counties grew at a 1.6% annual pace in the 12 months ended in March, by this math."

"It isn’t a mixed picture across California. How bubbly? On a scale of zero bubbles (no bubble here) to five bubbles (five-alarm warning) … THREE BUBBLES!"

"Californians please note: 75% of the eight markets tracked statewide by these indexes were in a cooling mode vs. 60% of the other 60 tracked in the rest of the U.S. So this chill, regionally and nationally, is now pretty well established … just a tad more pronounced in this state. That’s unnerving enough before layering on a major pile of political uncertainty, domestic and global. How everybody reacts to the accompanying angst — from corporations to consumers to policy makers — now becomes the big question."

The Village News on California. "I published a similar article to this one a few weeks ago. After receiving interesting questions and comments, I decided to elaborate. Why then am I writing on this topic again? I want to make sure you understand the urgency at hand. Year over year, Fallbrook had a price reduction of 3% and over the same time period, interest rates dropped 1%. It is reasonable to surmise that the scenario I provided could become a reality by this time next year. If you’re a buyer sitting in the wings waiting for the big drop, I think you will be disappointed, because financially not much will have changed in the overall purchasing power you have, but that home you’re holding out on, will probably be sold to a buyer that understands their buying power today versus waiting."

"Sellers, on the other hand, have already seen price decreases over the past year; 38% of all homes sold in California over the past 12 months had a price reduction, before receiving an accepted offer. Moving into late 2019 and into 2020, the National Association of Realtors and the California Association of Realtors, Chief Economists both expect prices to mirror that previous 12 months, until the third quarter of 2020, when an adjustment is expected."

So, if selling is in your plans in the next few years, it would seem to make sense to do it during this somewhat stable period. Prices are still strong and interest rates are low, which means that a larger pool of buyers can afford to purchase your home. Seems like a good time to catch lighting in a bottle, right?"

"I’m not an economist, but I’m sure that many of you reading this understand that this lack of disparity between a 2-year note and a 10-year note is not a harbinger of good news. Since 2011 the U.S. economy has been experiencing a historically long and steady growth cycle. All up cycles eventually lead to a down cycle. Economists believe the timing of this recession will be late 2020 and last for approximately 18-24 months."

"I’m not spelling doom and gloom. I believe I’m sounding the alarm, to get off the fence and get into the game. If you are a buyer who is reading this, now’s a great time to take advantage of low interest rates and reasonably priced properties. You could wait until the end of 2020, but interest rates will not stay this low forever, so even a 10% drop in prices will easily be absorbed by a .6% increase in interest rates."

"If you are a seller, put your best foot forward, price your home correctly and take advantage of stable prices and the larger buyer pool available to you. In the hands of an experienced, knowledgeable, professional Realtor, you will be able to maximize your selling price. If you’re a homeowner and are planning on selling, now is the time. If you think you have the luxury of waiting it out, remember 2008. If the economists are correct, and if we have additional price adjustments, we are potentially looking at a drop in price and an increase in interest rates."

"The housing market peak was the second quarter of 2018. The adjustment in pricing has started. By lowering the interest rate, Federal Reserve is attempting to prop the economy up. Take advantage of lower interest rates and serious buyers."