A report from Crain's New York Business. "While foreclosure activity decreased in three out of five boroughs during the third quarter of 2019, Staten Island saw a surge of 183% year-over-year, according to PropertyShark. Foreclosure cases in Staten Island went from 48 in Q3 2018, to 136 in Q3 2019. This was largely in part due to the high number of pre-foreclosures registered during the third quarter of 2018, some of which became foreclosed properties, according to PropertyShark."

"On the island of Manhattan, foreclosures increased from 22 cases in Q3 2018, to 48 cases in Q3 2019—an increase of 118% year-over-year."

The Wall Street Journal on New York. "A dispute over home conversions in suburban Rockland County threatens to upend Manhattan’s luxury condominium market. Lawmakers in the county drew up state legislation to prevent the anonymous purchase of homes through the creation of limited-liability companies. Federal officials say some buyers use LLCs to launder money or hide ill-gotten gains."

"Donna Olshan, a broker who collects data on the luxury market in Manhattan, pointed to a new federal tax law that reduced the deductibility of state and local taxes, a change that raised the cost of owning real estate. She also cited new state taxes on the sale of mansions, and the stricter LLC reporting requirements. 'At the end of the day they are strangling New York real estate,' Ms. Olshan said."

"The state law applies to sellers as well as buyers, and will require the disclosure of all the individuals behind complex layers of ownership of new condominium developments, said Stuart A. Saft, a condominium lawyer at Holland & Knight. 'It will effectively kill real estate finance,' Mr. Saft said."

The Seattle Times in Washington. "It’s fall, and that means home sales are slowing down — except where Seattle-area buyers can get more house for less money. In tonier neighborhoods, though, prices and sales are stable or slightly down, according to the Northwest Multiple Listing Service. In King County, home prices in September remained nearly flat at $660,000, a 1.2% decrease from this time last year and down 6% from the seasonal peak in May. And in Seattle, prices dipped 3.2% over last year, to land at $750,000."

From Crain's Chicago Business in Illinois. "A 19th century Gold Coast mansion whose owners have been unable to find a buyer the conventional way are putting it up for auction with a minimum bid of less than half the roughly $6.9 million they say they spent to buy and renovate it."

"It’s a response to the uncharted waters that the luxury home market is in these days, auctioneer Rick Levin said. 'The stock market is at an all-time high and interest rates are near all-time lows,' he said. 'If the high-end market isn’t doing well right now, there’s something else afoot.'"

The Real Deal on Florida. "Condo sales in Miami surged last week. The second most expensive closing was for a rare trade at Faena House. D South Beach LLC sold unit 5C for nearly $4.6 million, or $2,044 per foot. The seller is tied to the Deighton family of London. Paul Deighton is a British politician and former investment banker. The family’s Faena House unit previously traded for $5.75 million, which means it just sold for 20 percent less."

From KXNT in Nevada. "Home prices aren't growing as fast as they have in recent years in the Las Vegas Valley, but a new report from the Greater Las Vegas Association Of Realtors says that the average price of a new home is near what it was before the Great Recession hit in 2008."

"The Las Vegas housing market continues to be seen as a stable one, even if real estate values have cooled off recently following the end of the Great Recession. Part of the reason for that is that there continues to be a glut of inventory, meaning more choices for home buyers."

From Fox 5 Vegas in Nevada. "Home prices in Southern Nevada are approaching their all-time high while the local housing supply remains tight, according to a report by the Greater Las Vegas Associated of Realtors. According to GLVAR, there are 7,334 single-family homes listed for sale without any sort of offer, up 19.3% from one year ago."

The Desert Sun in California. "Hemet residents adorned their vehicles with 'Hemet is Heaven' bumper stickers to express their love for the city in the 1980s, but today the' Inland Empire community is mostly known for high crime rates, unemployment and vacant homes. Hemet was one of 10 California cities to appear on a list of the 50 Most Miserable Cities in America published Sept. 28 in Business Insider, reflecting the struggles that continue to plague the city more than a decade after last decade's Great Recession."

"After decades of economic growth and housing construction, the city of tract homes and trailer parks located in the middle of Riverside County was hit hard by the 2007-08 economic downturn and the housing crisis that followed, which rendered many homeowners unable to keep up with their mortgage payments and ultimately forced them into foreclosure."

"Despite its location between wealthy communities in the Coachella Valley and coastal California, today, 17% of the city’s 86,000 residents live below the poverty line, according to census data. Zillow estimates the city's median home value to be $272,000, which is still 20% lower than it was in 2006, before housing values plummeted. "