It's Friday desk clearing time for this blogger. "After predicting that the sluggish housing market had started to rebound in January, Redfin this week blamed real estate market conditions as part of the reason for its latest round of layoffs. 'At that time, we also acknowledged then that we weren’t out of the woods yet and the market was still touch and go,' said Alina Ptaszynski, a Redfin senior communications manager, told GeekWire."

"It’s clear that buyers are still paying never-before-seen prices for residential properties, but a slowdown in overall sales is leading to price cuts across the board, brokers say. In February, sales fell more than 30 percent in Miami-Dade, Broward and Palm Beach counties, year-over-year, according to the Miami Association of Realtors. Single-family home sales in Miami-Dade declined 28 percent. 'There’s no question that many sellers had expectations of the Covid boom in price increases,' said Mike Pappas, CEO of the Keyes Group of Companies. 'That now is not there. Reality is making them make the adjustment to the current market pricing.'"

"The dizzying pace of the Brooklyn real estate market over the last decade is slowing. The number of sales in the quarter dove 39% to 2,236 vs. 3,666 in the same period a year earlier. Discounts on the last listing price were at 8 percent, compared with 1.6 percent in the same quarter last year. Sellers were also 'capitulating to market conditions,' said appraiser Jonathan Miller, as shown by the high level of discounted closings. 'I think what the 8 percent represents going into the first quarter of this year is that sellers are being a bit more negotiable.'"

"Every corner of California is experiencing a real estate market cool down. To view the interactive map, click here. The number of home sales in nearly every county in the state declined during the last week of March compared with the previous year, according to Redfin. Among counties with at least 100,000 residents, the steepest drop in sales was in El Dorado County, where transactions fell by roughly 50%. Sales are down throughout the Sacramento region; local market analyst and appraiser Ryan Lundquist reported this week there were roughly 2,000 fewer sales in the region in the first quarter of 2023 than during the same time period last year. Falling demand was seen in every region, including the Bay Area, San Diego, the Central Coast Los Angeles, Fresno and the Central Valley."

"Traylon Homes builds houses in Lorson Ranch in Colorado Springs, Meridian Ranch in Peyton, Pueblo West, and Eagle Brook in Loveland. To avoid a bidding war, Jade Rhodes closed on her $450,000 Tralon home in a rush in August 2021. Within four months of moving in, she started finding problems. 'We bought this out of desperation,' Rhodes explained. 'It was going to be one of those where we're going to be here for a bit, sell it, go to the next. Well, now we have these issues where we have to fix before we can sell it.'"

"Katherine Magana and her husband Giovanni told our team they regret buying their Tralon home. They admitted to closing on their house in 2021 for $504,000 without doing any research. Despite the consistent controversy and complaints, the Landhuis Company is busy with 38 more builds just around the corner from the Maganas. 'If they can't even keep up with the amount of warranty for the homes that they have right now,' Katherine said, 'why are you building more homes?'"

"A landlord accused of allowing residents to live in unsafe conditions at an east Houston apartment complex has lost four Houston apartment communities with more than 3,200 units in a foreclosure. Applesway founder Jay Gajavelli did not respond to request for comment, but an online marketing video showed him pitching the benefits of acquiring apartment communities, holding them for a short period and then selling them at profit. 'You double your money in three to five years,' Gajavelli said in the video. 'This is a very powerful concept and proven business concept.'"

"A realtor is suggesting home sales in Hamilton are beginning to favour buyers this spring. Hamilton-Burlington home prices fell on average almost 20 per cent year over year from last March, with apartment-style homes seeing the largest decrease, down 22.8 per cent year over year. Rob Golfi of Remax Escarpment Realty told 900 CHML sellers may have to lower expectations with those shifts as hanging on to the notion they will be able to get 'what their neighbour got' the same time last year is likely 'unrealistic.' 'So there's a small inventory out there that are overpriced listings, which will probably have to sit for a while until the homeowner realizes that the market's not going to give them that large dollar on their house,' Golfi said."

"Emma Fildes, of buying agent Brick Weaver, said developers were becoming desperate to offload properties and were offering discounts on sales prices. She said: 'You can negotiate quite heavily on new builds. They are throwing the kitchen sink at it.'"

"According to Domain Group data, the median house price in Sydney’s Cremorne has fallen 23 per cent in a year to $2.52 million while Toorak’s median house price is at $4,737,500 – down a substantial 17 per cent. At the cheaper end of the scale, Camperdown’s median house price dropped 14 per cent to $1,655,000, Redfern prices fell 11.3 per cent to a $1.65 million median while Erskineville’s median price came down to $1.58 million. 'There is a fair bit of apprehension among buyers who are motivated but don’t want to feel like they’re paying more than they should,' said Nelson Alexander’s Rick Daniel."

"The New Zealand Herald's property editor Anne Gibson has been documenting the liquidations and she talks to The Detail about what's behind them. 'They're suffering the most because they're the ones on the knife edge,' she says. 'They just can't carry on, and they have to declare at a certain point in time that the liabilities outweigh the assets.' Building Industry Federation chief executive Julien Leys says the industry is softening, but it's not falling off a cliff. 'We've got a lot of inventory in terms of building supplies around the country. The demand's not there and the prices are starting to level back.'"

"Liu Baoxiang, who runs a mahjong parlour in a city on China's rust belt, no longer splurges on extravagant fashion items after seeing the two flats he owns lose roughly a third of their value over the past two years. 'I was previously considered wealthy in the area,' said Liu, who also owns some commercial property in the northeastern city of Liaoyuan. 'I used to buy mink coats in the tens of thousands of yuan, but I've hardly purchased any and haven't travelled lately.'"

"A resident in the northern city of Langfang said her flat is now priced at 8,000 yuan per sq m, less than half the 18,000 yuan she paid for it three years ago. 'I have paid hundreds of thousands of yuan for a downpayment, paid off over 1 million yuan in loans and currently have over 1 million yuan in loans to repay,' said Emily, who only gave her first name for privacy reasons. 'I'm not going to spend money on anything this year. I need to tighten the belt. The suffering is unbearable.'"