A report from the News Daily in Georgia. "Several weeks back, I asked in this space, 'What is the plan?' An extended eviction and foreclosure moratorium, put in place by the CDC during this lengthy pandemic will expire on July 31. The scope of pending rental evictions and foreclosures for non-payment of lease/rent and mortgage payments is unprecedented. Estimates range from 184,000 — 353,452 Georgians are several months or more than a year behind on back rent. The number of potential foreclosures looming is thankfully not quite as high, but remains in the double-digit thousands. The federal number of those pending displacement and loss of their current housing is estimated between 5.7 and 7-million. That would be akin to making all of New York City homeless."

From Market Watch. "Many homeowners with mortgages backed by the Federal Housing Administration, or FHA, are delinquent on their homes, according to the American Enterprise Institute. Around 14.7% of the 7.6 million FHA mortgages outstanding nationwide were delinquent as of May, up slightly from the previous month. Additionally, 10.5% of these loans were seriously delinquent, meaning they were 90 days or more past due and in danger of going into default."

"The FHA program targets homeowners with lower credit scores and less money saved for a down payment — the program tends to be popular among first-time buyers and people of color. Atlanta tops the list, with 17.4% of the city’s mortgages in delinquency as of May. The city also has a large share of FHA loans overall, with those loans representing over a fifth of all mortgages in the city. Many of the metro areas most threatened by such a scenario were located in Texas, including Houston (No. 2), Dallas (No. 4), San Antonio (No. 8) and Ft. Worth (No. 9)."

From Hometown Station in California. "Richard Szerman’s immense knowledge of the housing market has made him one of the Santa Clarita Valley’s best realtors. On May 20, Szerman used his knowledge of recent legislation on home foreclosures during a discussion on the Hometown Morning Show on KHTS, to help listeners stay on top of things. 'The Consumer Financial Protection Bureau has put forward a suggestion, it’s a pretty good one I think, to pause all foreclosures until January of 2022,' Szerman said. 'Of course, typical of a government agency, they have a very good idea, it’s very pro-public, it should work very nicely, and then all of a sudden we get to the comment period and they start to add things.'"

"'But then what happened is, right at the last minute just before they finished this up, there were two very important amendments added,' Szrman said. 'The first amendment is, if we at the bank decide that we can’t do better than what you’ve already got, then we don’t have to do anything and we can foreclose on you right now. And the other thing is, you have to show some kind of hardship that is somehow directly related to the pandemic. Which is another way of saying, we can deny it under anything.'"

From KXXV in Texas. "There's more than one neighborhood in Central Texas where neighbors say a new for sale sign goes up every day. And like the mortgage crisis of 2007 and 2008, when many realized they'd overbought for their income, Central Texas Homeowner Martin Sierra suspects that's happened again right in his own backyard. 'You see that just in this neighborhood alone,' said Sierra."

From WCMH in Ohio. "Realtors say, for some, an unsuspecting group is paying well over asking price for homes all across central Ohio. With home appreciation values the highest they’ve ever been, corporate buyers are investing more heavily in central Ohio real estate. And with some organizations targeting a relatively low return on their investment, these organizations bear the risk of a repeat crash like we saw in 2008."

"'The more homes that they own as a percentage basis of our overall market, the bigger the risk is to the total market that the amount of inventory goes up by 25% overnight,' said Troy Marsh, a local real estate agent, should one or more of these organizations choose to offload their Columbus assets."

From Fox 43. "In a competitive real estate market, sometimes people rush into a deal that doesn’t fit their budget or suit their needs – and for millennials this year – they’re suffering from what experts say is a major case of buyer’s remorse. Nicole Bachaud, an economic data analyst for Zillow says that buyer's remorse in a market that has home prices rising, bidding wars & low supply overall - isn't surprising. 'We do hear a lot of those anecdotal stories about buyer's remorse happening.'"

"Bankrate says 64% of millennials have regrets after buying a home. Many say the biggest problems they face include feeling financially unprepared for the costs of home ownership, overpaying on the sales prices and disliking their size of the home. With the urgency in the market – a lot of people are moving really quickly – and you maybe didn’t consider all the factors of the house that they’re looking to purchase, Bachaud said, 'but we’re not going to see prices coming down at all – we’re going to continue to see these prices increase over the year and next coming years.'"

The Florida Bulldog. "The report by the nonprofit Floridians for Honest Lending (FHL) targets robo-signing, the discredited and illegal practice of treating foreclosure papers like assembly line goods. The report based on 2019-2020 South Florida court records shows that illegal robo-signing persists. For example, stacks of mortgage loans originated by the notorious Countrywide bear the signatures of three bank executives–if the papers were legit, a trio that could boast of superhuman powers. 'It’s the same shit now,' said a foreclosure defense lawyer who practices in Broward and commented anonymously, fearing retaliation. 'It’s the same names over and over. Clearly, from court records, what’s on the documents are stamps. That’s the evidence right there.'"

The Denver Post in Colorado. "According to the Denver Metro Association of Realtors, the 2,137 single-family homes available for sale at the end of June is nearly 60% higher than May’s depressed count, and the active inventory of condos and townhomes rose 33.3% month-over-month to 985. Combined, the Denver area experienced a 50.5% gain in its active inventory, a new record for a monthly increase and six-fold higher than the 5.9% gain averaged between May and June."

"'Big percentage changes can happen when you start with the low inventory we have been seeing. The impact of the increase will be felt by both buyers and sellers alike,' said Andrew Abrams, chairman of DMAR’s Market Trends Committee. 'While I did have one deal that went $75,000 over asking price last month, I also had two other buyers get properties at or below the asking price,' Abrams said. Sellers, who were almost guaranteed a final price above the list price, can’t assume that will be the case anymore."

"A big driver behind the higher inventory was an increase in new listings hitting the market. Those rose 23.9% month-over-month, which reflects a higher comfort level among sellers when it comes to listing their homes. The gain in new listings surpassed the 9.23% gain in the number of closed properties, allowing the inventory to rise."

"There is an emerging sense that after months of extreme imbalance between supply and demand, which contributed to a string of broken records, moderation may be returning to the market. 'In a year of coloring outside of the box, we may have just started to draw within the lines,' Abrams said."

From Dirt on Arizona. "For those with the dough to get into the game, high-end real estate can be a great return on a multimillion-dollar investment, particularly over the last handful of years or so when high-dollar homes have been bought and sold across the country with an almost alarming alacrity and eye-popping profits. Not so lucky are married music industry royals and art world go-getters Alicia Keys and Kasseeem Dean. They majorly missed that money-minting boat with the recent sale of their luxury desert getaway in Phoenix, Ariz., that’s been sold for $3.1 million, a pocketbook punishing $700,000 less than the $3.9 million tax records show was paid for the property just over 13 years ago."

The New York Post. "The fairy tale mansion featured in Taylor Swift’s 'Blank Space' music video is up for auction with a massive price cut. Initially asking $20 million, the 12-bedroom, 10-bathroom Long Island property is now asking for a starting bid of only $7 million."

From CBC News in Canada. "The total number of homes sold in the Metro Vancouver area last month was 3,762, down 11.9 per cent from May, according to the Real Estate Board of Greater Vancouver (REBGV). 'Metro Vancouver's housing market continues to experience strong sellers' market conditions, although the intensity of demand has eased from what we saw throughout most of the spring,' REBGV economist Keith Stewart said. 'We're now seeing a market that's beginning to normalize from the torrid pace in the spring. This is making multiple offers less common, allowing subjects to be seen on offers more frequently again, and is making new price records less likely.'"

The Globe and Mail in Canada. "Toronto’s housing market eased further in June, with the average selling price declining 2 per cent over May and sales dropping for the third straight month. Realtors said at the beginning of the year that virtually every property was selling but now buyers are pickier. 'Buyers are more selective. They have more choice,' said Paul Singh, a realtor with Justo Brokerage."

"Mr. Singh said homes that would have fetched $1-million in the first quarter of the year are now selling for between $970,000 and $980,000. In the country’s most expensive real estate market, sales were also down in June. In the Vancouver region and B.C.’s Fraser Valley, the volume of sales fell 12 per cent and 24 per cent, respectively, according to their local boards. June was the first month under the federal government’s stricter mortgage stress test. It is unclear whether this contributed to the slowdown in activity."