A report from the Union Leader. "People bought nearly 40% fewer homes in New Hampshire in January than two years ago, the lowest one-month total in 12 years. Meanwhile, some areas are beginning to see lower prices than a year ago. Hillsborough County, which includes Manchester and Nashua, recorded a median price of $405,000 in January — $35,000 cheaper than a year ago, according to the New Hampshire Realtors. 'We're now seeing the beginning stages of the inevitable shift in the market,' said Dave Cummings, the group's vice president of communications. 'And while it can be fun to watch sales and price numbers climb, especially for sellers, the idea that the peak may be in the rearview mirror for this cycle is certainly a good thing for the overall health of the economy.'"

The Advocate in Louisiana. "The average price of a home sold in January in Lafayette Parish dropped to $264,445, the third straight month to decrease and a considerable drop from the high-water mark last summer when the average sale price reached topped $315,000, according to data released from real estate analyst Bill Bacque with Market Scope Consulting. The median sale price dropped to $235,639, just below the $247,000 median price in 2022. Outside Lafayette Parish, the average sale price was $170,339, down from the $191,563 average price of 2022. Homes stayed on the market much longer, too. 'The expectation is that 2023 will be a transition year as our housing market adjusts from the overheated velocity that we experienced over the past 2 ½ years,' Bacque wrote."

The Coeur d’Alene Press in Idaho. "Less than two years ago, it seemed everyone wanted to live in Coeur d’Alene. Things have changed. The Coeur d’Alene Regional Realtors said the median price for a single-family home in Kootenai County in January was $525,000, down from $550,000 in December, but nearly flat compared with $526,000 in January 2022. Jared McFarland, CRR president, said the Kootenai County median home price peaked at $559,000 in May 2022. The number of homes sold in January, 109, was down 40% from 183 in January 2022. The number of active residential listings in January, 609, was down slightly from about 630 in December, but well up from 160 in January 2022."

From Geek Wire. "In the suburban community of Kirkland, Wash., where Google established its original beachhead in the Seattle area, the tech giant had big plans to expand even further. But suddenly and without warning, the plans evaporated last month. At a gas station across busy NE 85th Street, a clerk behind the register showed some surprise — and delight — at the news that Google had pulled out. 'That’s good,' said the woman, who wished to not be identified. 'Everything is already too expensive.'"

The Sequim Gazette in Washington. "Last year, Sequim saw its highest median home sale prices ever. E. Michael McAleer, managing broker with RE/MAX Prime, reported that Sequim’s 2022’s median home sale price hit a high of $545,000. While Sequim’s median home sale price in 2022 at $545,000 was the highest ever, it was also due to a second quarter high point hitting an all-time high for a quarter at a $575,000 median sale price. Then numbers fell to $550,000 in the third quarter, and to $513,000 in the fourth, according to McAleer."

"For Jan. 2022, Eileen Schmitz, president of JACE Real Estate Company, said the median sale was an all-time high of $634,500 but it 'was an artificially inflated number' as Sequim recorded the most sales ever of homes over $1 million. 'It hurts coming out of a fireworks-everywhere market,' she said."

Mansion Global on California. "Despite nearly record-low home sales in San Francisco in January, buyer demand is predicted to rebound in 2023, according to Compass. Last month had the lowest monthly sales volume since 2009. Prices were down as well, with median home prices down 16.5% annually to $1.5 million, the report said. For the ultra-luxury sector—homes priced at $5 million and above—sales were down about 49% compared to the year before, the data showed."

Bisnow New York. "When Monday Properties paid $740M for the Helmsley Building in 2010, the company’s CEO, Anthony Westreich, was expecting a win, but he didn’t realize just how good his timing was. Five years later, the company sold the office tower at 230 Park Ave. for $1.2B. Within a year of that sale, Manhattan-based Monday Properties had sold all 6M SF of its New York holdings. 'We were lucky because anything bought in '18, '19 or '20 would just be worth less today,' he said. 'I'm not suggesting it'll be that way forever, but it is at a moment in time. … You'll see a lot of smart, smart landlords divesting of office.'"

The Montreal Gazette in Canada. "Montreal’s housing market is suffering from a bad case of the winter blues. Residential property sales in metropolitan Montreal plummeted 36 per cent last month to 1,791, the smallest total for January since the financial crisis of 2009, according to the latest Centris data released Tuesday by the Quebec Professional Association of Real Estate Brokers. Sales of single-family homes hit a January low, while prices for all types of residential properties retreated."

"Regardless of the category, property prices in Greater Montreal are falling. Single-family homes suffered the most last month, with the median price dropping seven per cent year-over-year to $500,000. Median prices in St-Jean-sur-Richelieu posted the biggest drop, slumping 20 per cent year-over-year in January. Prices fell 10 per cent elsewhere on the South Shore, seven per cent on the island of Montreal, five per cent on the North Shore, four per cent in Vaudreuil-Soulanges and three per cent in Laval."

"'The market has completely changed,' Charles Brant, head of market analysis at QPAREB, said in an interview. 'The decline in activity is substantial, but let’s not forget that a year ago buyers were rushing to acquire properties before the expected increase in interest rates materialized. That really drove up prices, and this is what we are comparing ourselves to now. The overbidding premium has disappeared.'"

The Property Reporter. "Research by property purchasing specialist, House Buyer Bureau, has revealed that home sellers looking to secure a sale via an asking price reduction are doing so to the tune of 19.8% on average, with those in Scotland reducing by the largest margin (-21.3%), while the South East is home to the largest proportion of homes with a reduced asking price. The research shows that the average price of a reduced property currently on the market across Britain is £303,533, having seen a reduction of 19.8%. The North East is also home to one of the largest average asking price reductions, with homes seeing a 21.1% correction, followed by Wales (20.8%), the West Midlands (20.6%) and East Midlands (20.5%)."

Channel News Asia. "More homes in Singapore could be up for auction this year as the number of bankruptcy petitions rises, according to real estate consultancy Knight Frank. There were 420 auction listings in 2022. This number, which includes repeat listings, could surge 40 to 50 per cent to about 600 this year, Knight Frank said in its report. As interest rates continue to rise, those tied to home loans with floating rates will feel the pinch, said Ms Joy Tan, head of auction and sales at Edmund Tie. 'Those who bought their properties during the property boom year of 2021 on two-year fixed rates will be looking forward to refinancing this year, and will also feel the pinch with the new rates,' said Ms Tan."

From The Age. "Reserve Bank governor Philip Lowe describes it as a painful squeeze. But the decision to tighten the official cash rate again, with more to come, is increasing the risk of squeezing the life out of the economy he is trying to save. That squeeze and the number of people embraced by the interest rate python are only going to increase if the RBA keeps tightening monetary policy. Analysts with Jarden Australia noted that because of the delay before interest rate movements affect the economy, households so far have felt only about half the impact of 2022’s rate rises."

"Deloitte Access Economics Pradeep Philip says the RBA is putting the economy at substantial risk. 'Far from a soft landing, the RBA now risks missing the runway altogether,' he said. Many economists believe the Reserve Bank will take the cash rate to 3.85 per cent by the middle of the year. For a household with that $604,000 mortgage, such a cash rate would suggest an increase in monthly repayments in a 12-month period of almost $1400. That’s enough to squeeze the life out of any python."

From News.com.au. "An Australian landlord has been absolutely roasted after taking to social media to complain about her tenants not paying rent. Liz Hammond, who owns a rental property in Sydney, decided to have a 'little bit of a whinge' on TikTok this week about issues she was having with her tenants. A message note on the video read 'non paying tenants rage' and was accompanied by a caption claiming she and her partner are 'top landlords' so she didn’t want any 'accusations' from 'crusaders.'"

"Ms Hammond then went on to sarcastically thank her tenants for causing her and her family stress. She said what they didn’t know is that her mum died four months ago and two months after that her dad was diagnosed with cancer. 'So I haven’t really been at work that much and with kids and not much paid leave, we are really struggling,' she said. 'So, I just wanted to say to you, f**k you for causing us extra pressure in my life when I didn’t need it.'"

"Then, in a move that prompted a lot of angry responses, the Sydney landlord took a swipe at young Aussies, claiming they had 'no pressures.' 'Because you 20 something-year-olds with no life experience and no pressures wouldn’t give a f***ing sh*t about the fact that we are struggling right now, so to you, f**k you,' she said, making a rude gesture towards the camera."

"There were many things in the video that people took issue with, but there was one part in particular right at the end that left many extremely confused. 'And I am having to drink out of a plastic f***ing cup,' Ms Hammod said, holding up a blue cup to the camera before abruptly ending the video. This one statement led to hundreds of comments from people trying to figure out what drinking out of a plastic cup had to do with her tenants not paying rent."

"'I get her point and frustration. I’m confused at the plastic cup thing. She’s at her house. Go get a different cup. The cup thing has me so confused,' one of the more diplomatic commenters said. 'Did … did the bank repossess her glassware???' another asked. Another said: 'But I need to know how one month without rent is making her drink from a plastic cup.' 'Hear me out … what if you stop buying avo on toast?' another sarcastically suggested."