A report from KTVB in Idaho. "Jeff Wills, president of the Boise Regional Realtors board, said that he's heard of plenty of comparisons between Boise and other cities in the West. 'I mean, I can't tell you how many times I hear people say, 'Oh, you know, this is Denver ten years ago; this is Salt Lake City, 15 years ago,' Wills said. Dr. Darek Nalle, an economic expert at the University of Idaho, added that he doesn't see a ceiling for the area's housing market. 'I know this is also about wages and affordability but frankly you have to follow the money and the money is flowing in from, by and large, out of state,' Nalle said."

From WFAA in Texas. "Dallas was one of five cities across the country that recorded its all-time highest gains over a 12-month period, the report stated. Becky Frey has been a real estate agent for more than 30 years and is telling buyers to offer basically whatever they can stomach. 'I’m usually like, 'When you wake up tomorrow morning and you didn’t go to that price and you didn’t get it, are you upset?' Whatever that price is, go for it,' she said."

From Bisnow Houston in Texas. "The competition for well-situated land along transportation corridors has become so fierce in Houston that industrial developers are now paying anywhere from 30% to 50% more for land than just a few years ago, according to industry experts. Griffin Development Partners President David Hudson pointed to compressed cap rates and the widespread availability of capital as the reasons why land prices have increased so much."

"'If the capital wasn't there, you wouldn't be doing it. You wouldn't be able to pay those kind of prices,' Hudson said."

From KGET in California. "If you want to buy a home in the Central Valley, experts say you may have to bid against as many as 30 other potential buyers. 'That is starting bidding wars, to the point where they are usually offering anywhere from $5,000 to $20,000 above the appraised value of the home,' said Gary Crabtree, a home appraiser. Bakersfield’s housing market is squeezing some buyers out, as the median home price has jumped nearly 20 percent since last year. Destinee Sims fears she may have to leave town as she struggles to find a new home."

"'You’ll get told you’re the only people to tour it, but now there’s a second offer and it’s more than double market value,' said Sims. 'How do you beat that?'"

The Los Angeles Times in California. "Two months after Eli Broad’s death, his Malibu home has sold for $51.65 million. Broad had been trying to unload the home for the last two years. He first sought $75 million in 2020 before trimming the tag to $67.5 million, then $62 million, and finally $58.5 million in April."

From Hawaii News Now. "During the 2019 tourism boom, condominiums at the Trump International Tower in Waikiki sold for an average of about $1.7 million. Since then, average sales prices in the tower have fallen below $650,000 ― despite the hot housing market in the islands. 'At the same time this year, the overall market ― just resorts ― went up 27%. So Houston, we have a problem,' said real estate expert Ricky Cassiday."

"Similar price drops have been documented at properties in other markets that bear the Trump name. Some Realtors privately blame the big value drop on the Tower’s hefty maintenance fees and restrictive rules on short-term rentals to tourists. But Cassiday said it is also because of the lack of Asian buyers during the pandemic. He said many of the original buyers who paid $700 million to buy the units in 2009 were from Japan, China and Korea. But they’re not buying now because they can’t travel here."

From Bisnow South Florida. "Peter Dyga, CEO of Associated Builders and Contractors Florida East Coast chapter, said even though the collapse appears to be an extremely exceptional case with signs that pointed to problems, it will be natural for people to be worried about other buildings. 'This could soften the condo market, especially in Surfside and South Florida where this tragedy has hit closer to home,' Dyga said."

"Howard Vogel, who specializes in condominium law, predicted that the tragedy will prompt owners at older coastal condos to sell their units to developers, who will pursue terminations of those structures, demolish them and build brand-new buildings."

From Mortgage Broker News. "With the rate of homebuying in Canada cooling in recent weeks and house prices having declined nationally for two consecutive months, there’s been much conversation around the questions of whether bidding wars will die down and prices will continue moderating. The impact of that stress test hike has been felt perhaps most keenly among those looking to enter the housing market for the first time, with recent reports having catalogued the despair of first-time buyers at the prospect of further hurdles in the homebuying process."

"Instead of further freezing those individuals out of the market, said Tracy Valko, principal mortgage broker and owner of the Kitchener, ON-based Valko Financial, the government should focus its attention on helping them realize their ambition of owning a home, with current property prices seemingly insurmountable for that segment of the population."

"'Think about it: the average detached house price, especially in my market, is $910,000,' she said. 'Say they have 10-15% down. Who wants a mortgage of over $700,000 when you’re 25 or 26 years old? Who can afford it? There are a lot of issues that the government has to look at. In fact, they probably need to increase the qualification amortization to 30 years on high-ratio mortgages because, otherwise, how are these people going to be able to afford them? That’s something they’re not even considering right now.'"

The Globe and Mail. "Is it really a master bedroom if you can take your clothes out of the closet without getting out of bed? Is it a den if only one person fits in it at a time? In the overheated real estate markets in some Canadians cities, particularly Vancouver and Toronto, the astronomical price per square foot has spurred some creativity when it comes to the condo sales pitch."

"'The newer places we’ve seen, because the square footage is more expensive, those master bedrooms were tiny. Very tiny. We thought ‘Can we fit our queen bed in here?’ says Justin Valente, 30, who along with his partner Natalie, has been hunting for a condo in Vancouver for more than a year. 'I need to go see them. I take what they write at face-value. Details are definitely fudged a bit.'"

"Even toilets are turning up with the questionable choice of glass walls. 'The layouts of a lot of the places you think, ‘I want to talk to the developer,’ Mr. Valente says with a wry laugh."

The Urban Developer in Australia. "A third of properties sold in the City of Melbourne market during the last quarter made a loss, a trend the rest of the city bucked, according to Corelogic. More than 200 apartment sales in the City of Melbourne were sold at a loss last quarter, where the median hold period was 7.9 years and about 85 per cent were investor-owned."

"Corelogic head of research Eliza Owen said Melbourne's inner city remained a risky market. 'For this region, investor sales may have been triggered by rental values falling more than 20 per cent during the year,' Owen said. 'In the three months to March, 16.8 per cent of units sold for a loss across Australia; almost two and a half times the rate of loss making house sales (6.8 per cent)."

From Asia One. "The Singapore private property market is on an uptrend , to the point where even new cooling measures are being considered. Despite all that, even in this supposedly strong seller’s market, some new launches are struggling. We recently talked about a possible oversupply in a prime area like Holland V when we compared between the seven new launches in the area. So it isn’t really a surprise to see that some have started to lower prices in later sales phases."

"Holland V is a major lifestyle hub. It also has a large expatriate enclave and is close to the hotspot of One-North. Plus there is the rejuvenation of One Holland Village to look forward to. These condos were expected to be an easy sell; but a look at the numbers shows slow sales. Hyll on Holland is a freehold development, with 319 units. This development launched in October 2020, and Square Foot Research shows it has sold a mere nine units. Even then, we can see some of those later sales came after price cuts."

"The former Tulip Garden was bought at a high of $907 million in a collective sale. With the estimated breakeven for Leedon Green at $2,500 psf, it does seem like the developer is keen to let go some of the units at a seeming loss to push the needle to the needed 30 per cent take up rate. The general consensus among realtors is 'too much, too soon.' There are currently seven new launches in Holland V fighting for attention: With just 302 units sold out of 1,490 units available, there is clearly a lot of options for buyers in the area. We also shouldn’t forget that there are many older, resale condos in the same vicinity."

"It’s a little surprising that developers didn’t see this coming. During the 2017 en-bloc fever, Holland V was one of the hotspots. It was quite bold of developers to price high regardless; perhaps on confidence regarding the location. It hasn’t played out well for many of them though, and we expect slow sales to push prices down further."

"For properties that come from the 2017 en-bloc fever, margins are already low. This was due to aggressive land bids from foreign developers, most of whom had deep pockets. Now the Additional Buyers Stamp Duty (ABSD) for developers is 30 per cent of the land price. However, if a developer can complete and sell the entire project in five years, they can obtain ABSD remission (25 per cent of the land price, with five per cent not being remissible). Given the already low margins on some of these projects, developers can’t afford to absorb ABSD losses as well. This could result in fire sales, such as what we saw with 38 Jervois in June 2020."

From The National. "When Ellen Callis, a 68-year-old retired high school teacher from Phoenix, Arizona, first dipped her toes into the timeshare property market in August 2008, she was helping a colleague who was experiencing financial difficulties. After investing in a second property in 2013, Ms Callis now says she has buyer’s remorse – she is one of a growing number of timeshare owners desperate to quit burdensome contracts that extract hefty fees even when properties are unavailable to use."

"'I am loath to add up how much I lost overall,' Ms Callis tells The National. 'Neither was an investment; my investments are to make money, not toss it to the wind. I purchased pipe dreams of spending good times with family or friends, not investments.'"

"Ms Callis paid her former colleague about $3,000 for the timeshare property at the Wyndham Vacation Resort in the town of Flagstaff. In 2013, Ms Callis invested in a second timeshare property in the picturesque city of Sedona, Arizona, after attending an information breakfast hosted by Wyndham. Ms Callis bought both timeshares sight unseen."

"'Sedona seemed like an attractive place to enjoy a vacation, especially during the autumn apple-picking season,' she says. Ms Callis is one of an estimated 10 million Americans who own timeshares in an industry that dates back to the early 1960s. The self-catering timeshare concept started in Switzerland in 1963. 'The bills kept coming; I had never been to the Sedona timeshare and I only was able to use the Flagstaff property in 'my week' once.' Despite not being able to use the properties, Ms Callis was being charged monthly maintenance fees of between $100 and $200 for each timeshare."