A report from the Real Deal. "Three years later, Tom Barrack has buyer’s remorse. As his firm, Colony Capital, embarks on a $325 million venture into digital infrastructure, it first needs to offload much of its real estate portfolio from its disastrous merger with NorthStar Realty Finance Corp. Share value of the Los Angeles-based Colony still hasn’t fully recovered from that 2016 deal. Barrack and other Colony execs have acknowledged they misstepped when they closed the $19.9 billion all-stock transaction for NorthStar, according to the Wall Street Journal."

"'It’s on me,' said Barrack, the firm’s CEO, the Journal reported. He accepts responsibility for the merger, which he said was mispriced and 'shouldn’t have happened.' Colony officials said they want to sell as much as 90 percent of its $20 billion portfolio of traditional real estate assets — senior living facilities, hotels, warehouses, and others."

From Real Estate Weekly. "The New York market started softening in 2016 so we are three years into the real estate market correction,' said Michael J. Franco of Compass. Gary Malin, president of Citi Habitats, added that even without a recession, the market has already been dealing with its own downturn."

"'It’s not like people are going to wake up all of a sudden,' he said. 'The sales market has felt a lot of this pain to begin with. Great homes still sell. Generic properties are having difficulty and the high-end places are seeing price reductions. I can tell you what I hear from the marketplace; it has been having its struggles.'"

The Star Tribune in Minnesota. "The housing market in the Twin Cities metro last month was a little less intense than the year before. Houses didn’t sell as quickly and sellers were more likely to offer a discount. 'Most markets remain stable across the metro,' said Linda Rogers, president-elect of Minneapolis Area Realtors (MAR). 'While there is a good amount of local variation, we just don’t see that many signs for concern.'"

"The seasonal slowdown is a little more pronounced this year. On average, houses sold in 41 days, one day slower than last August. Though houses are selling faster, that was the fourth annual monthly increase so far this year. There was another sign the market is shifting: seller discounts. For seven of the past eight months seller discounts have been on the rise. Still, the median price of all sales during the month increased 7% to $286,800."

The Dallas Morning News in Texas. "In the local real estate market, there is some concern about oversupply in specific sectors. 'There's fear of potential oversupply if there is an economic downturn given the number of apartments under construction,' said PwC's Byron Carlock."

"Carlock said he's still optimistic about 2020's prospects for the property sector. 'I don't think the next downturn will be real estate's fault,' he said. 'The capital markets are still robust. There is still demand,' Carlock said. 'There are only pockets of oversupply.'"

The Salt Lake Tribune in Utah. " Utah’s capital city had slightly more than 12,000 apartments in 2000, a number that grew to nearly 20,554 units by last year, according to research presented to the City Council. And builders have been on something of an apartment-construction tear since 2013, with 91% of the city’s total residential building permits issued for apartments between 2013 and 2017."

"'It’s been an absolute explosion,' said DJ Benway, economist research analyst at Gardner Institute. 'I don’t want to call it a boom, because that implies a bust.'"

"'You’re not seeing any rents going down anywhere,' said Dejan Eskic, senior research analyst at the Gardner Institute. 'The market is severely overpriced, but it’s also severely undersupplied.'"

From Socket Site. "A block and a half from Dolores Park, the 'one-of-a-kind home' at 352 Cumberland Street, which totals around 2,800 square feet (including two vacant studio units which front the street), was purchased for $3.75 million in September of 2014. Withdrawn from the MLS in March without a reported sale, 352 Cumberland was just listed anew with an official '1' day on the market and a further reduced list price of $2.995 million, a sale at which would now be considered to be 'at asking,' but would represent an actual 20.1 percent drop in value for the luxury home, according to all MLS-based stats."