A report from CNBC on New York. "Prices for Manhattan real estate took their biggest plunge since the 2008 financial crisis, according to a new report. Brokers and real estate analysts say there is little sign of a bottom after nearly two years of declines. 'There is a lot of uncertainty in the air,' said Jonathan Miller, CEO of Miller Samuel. 'It’s going to be a slow grind over the next year or two.'"

From Fox Business on New York. "More than 25 percent of new condos that have been built in New York City since 2013 remain unsold. In terms of units – of the 16,242 condos built since 2013, about 12,133 have sold. That means more than 4,100 have not. 'The third quarter of 2019 was undoubtedly the most challenging quarter in recent memory, especially for condo sales,' said Garrett Derderian, managing director of market analysis at CORE. 'Market prices have gone from what was once described as the kindest, gentlest correction to a near free fall. The last time conditions were described in such a way was in the height of the recession.'"

The New York Times. "'This market is a bloodbath for some,' said Frances Katzen, an agent with Douglas Elliman, who said that buyers who bought at peak prices a few years ago are unwilling to lower their prices further, because they would lose money on the deal. But with a glut of new inventory clogging the market, she said more clients are coming around."

"'It’s a horrible market to be a seller,' she said. 'It’s absolutely fantastic to be a buyer.'"

The San Mateo Daily Journal in California. A San Mateo County Association of Realtors report showed the median sales price hitting $1.54 million. The local market’s annual peak was reached in May, when median home sales prices rose to $1.76 million — nearly equaling the $1.8 median sales prices struck in April 2018, which is the most expensive ever recorded in the county."

The Epoch Times on California. "While there has been much talk among investors about the recent cooling trend—especially in high-end markets such as the San Francisco Bay Area—fears of a housing market collapse akin to a decade ago are unwarranted, said C.A.R. Senior Economist and Director of Research Oscar Wei."

"The economy remains strong, with some softening in the housing market, but there is no reason for investors or home buyers to panic, he said. So, is the real estate boom really over? 'I think from an investor’s perspective, it’s true,' Wei said. 'The housing market is not growing as fast as it has in the previous two years … It is a fallback in terms of price. It’s an adjustment. That is definitely happening.'"

"Meanwhile, Orange County and San Diego might see a softening in home prices, but not as much as the San Francisco Bay Area, Wei said. 'In the first half of 2019, we continued to see some lackluster performance of the housing market, particularly sales demand,' Wei said. 'In every single month since the beginning of the year, we had seen a decline compared to the previous year.'"

From Chicago Now on Illinois. "A couple of weeks ago ATTOM Data Solutions updated their foreclosure data. Unfortunately, one really important metric has not seen an improvement since November of last year. That's the total number of homes that are in some stage of foreclosure or shadow inventory. You would think that declining activity would also be reflected in a decline in that number and, for most of the time that I've been tracking this, that has been true. But since November there has actually been an increase in shadow inventory to the tune of 391 units. This appears to be the longest stretch without some material decline in inventory. Hell if I know why."

The Tampa Bay Times in Florida. "Despite a new-home building boom, the percentage of homeowner-occupied dwellings in Pasco County is smaller now than it was 10 years ago. In 2008, nearly 54 percent of the county’s 246,000 residences were owner-occupied, according to the Pasco County Property Appraiser’s Office. Eleven years later, that percentage stands at less than 47 percent, even though the number of homes has grown by nearly 45,000 units."

"The result — part of the lingering effects of the real estate crash and Great Recession of the past decade — is an influx of former homesteads turning into investor-owned rental homes or simply vacant properties that can attract illegal activity."

"Now, to aid law- and code-enforcement officers, the county is poised to require those property owners to register their sites with the Pasco County Sheriff’s Office under a proposed 'at-risk property registry' ordinance. The targeted properties include: those in foreclosure or re-foreclosure; those that have absentee owners; undeveloped or unoccupied land; or hotels or rooming houses renting to people who have no other permanent residence."

"Allen Crumbley of Berkshire Hathaway HomeServices Florida Properties Group, endorsed the idea. 'It has to be done,' said Crumbley whose company manages 2,000 rental units in the Tampa Bay area, including 400 in Pasco County. 'Most people are responsible, but it doesn’t take too many (irresponsible owners) in a clustered area to deteriorate a neighborhood.'"

The Press of Atlantic City in New Jersey. "Candidate for Atlantic County Executive Susan M. Korngut, a Northfield lawyer and Democrat council member, has proposed a foreclosure action plan to combat what she called the ongoing housing problem in Atlantic County. Korngut called for a county program to coordinate how foreclosed properties are maintained, counseling for homeowners, a committee to assess the housing situation quarterly, and actions to list foreclosed properties for sale more promptly."

"'The housing market in Atlantic County is on shaky ground as it has been for years,' Korngut said. 'Under the current administration, we have led the nation in foreclosures, and we continue to be among the leaders in the state.'"

"With 1 in 794 properties in some stage of foreclosure, Atlantic County is now sixth in the nation behind the New Jersey counties of Mercer (1 in 543) and Gloucester (1 in 654); Orange in New York (1 in 684); Clay in Florida (1 in 739); and Cuyahoga in Ohio (1 in 745), according to ATTOM."

The Washington Post. "Years after it appeared authorities had shut down a notorious party house near Dupont Circle known for its loud concerts, D.C. police have again put the expansive carriage house with heated pool and indoor 25-foot waterfall in their sights. Now, authorities say, the 5,220-square-foot home has been transformed from a rap music venue into a marijuana pop-up."

"The raid came four years after the last owner, Douglas Jefferies, 52, settled a lawsuit filed by D.C. Attorney General Karl A. Racine over the Airbnb-marketed 'Celebrity House Hunter Mansion' and agreed to stop all business activity. The house was listed on Airbnb even after the settlement with Racine, though with a warning it was 'not for events.' The price dropped from $1,200 to $900 a night. Property records show the home with five bedrooms and five bathrooms went into foreclosure in July 2019."