A report from the Naples Daily News in Florida. "'October had the highest number of new listings added to the market compared to any October since the pandemic' in the Naples area, Vanderbilt Realty broker Dominic Pallini said, noting this will help with negotiations for those wanting to buy. 'There were also 1,004 price reductions in October, basically a third of all homes for sale. If inventory continues to rise at its current pace, there will likely be more opportunities for buyers to negotiate.'"

WKRN in Tennessee. "The new RE/MAX National Housing Report is out for Greater Nashville. As the weather cools, Greater Nashville’s real estate market is doing something similar. 'So buyers should be looking at new construction if you really want to get value that’s going to offset the higher interest rates…you can’t be shy. Nothing ventured, nothing gained. So, you need to say, ‘Hey, this is the price I want to pay. I also want you to do X, Y and Z.’ And you’ll be pleasantly surprised with what sellers are willing to concede most of the time,' said Jeff Checko, relocation director of The Ashton Real Estate Group of RE/MAX Advantage."

The Des Moines Register in Iowa. "Last December, thieves broke the locks on the boarded-up building in West Des Moines, stealing beds, furniture and even a car that residents were forced to leave behind. But the worst part, residents at Stoneridge Condominiums say, has been stewing in limbo over the past year with their condo association and its hired independent loss adjuster, Tremaine Enterprises Inc. of Colorado, at loggerheads with Farm Bureau Financial Services and another insurance company over how much it will cost to restore the building and make it livable again. The story at Stoneridge is a cautionary tale for those who run and belong to homeowners associations."

"Ana Poole, a resident who purchased a unit just a month before the fire last November, has no faith a resolution will be reached anytime soon. Her unit is one of 17 that suffered primarily smoke damage. Poole filed her own civil lawsuit asking that the complex be placed in receivership so a judge can ensure a fair agreement is reached. In the meantime, she said, she's struggling financially. 'Thank goodness I have a job,' she said. 'I couldn’t even sell my place if I wanted to.'"

The Los Angeles Times in California. "Sepideh Razipour and her husband never thought they could afford to be homeowners, but when their Rolling Hills Estates rental went up for sale, they scrambled to make the townhouse their own, pulling together savings and borrowing from extended family. But before they made their first mortgage payment, a massive landslide upended life on Peartree Lane, pulling eight neighbors' homes down a nearby canyon and pushing others into different levels of structural purgatory. Razipour's home survived unscathed, but the land movement damaged crucial sewer lines, which left her unit unlivable."

"Now, almost five months later, utility repairs are stalled as officials worry about potential ground shifts, leaving Razipour's family of four stuck in temporary housing. Costs for work on the slope — which is considered private property owned by the HOAs — has fallen on homeowners, with each of the almost 200 households, including those on Peartree Lane, now facing a fee of almost $24,000. 'I assumed, in the beginning, we're a developed country … everybody’s going to be involved and helping out, the county, the city,' Razipour said. 'But I’m not getting any help. … Where do we get that money from?'"

Bisnow Boston in Massachusetts. "The slowdown in home sales has come at an inopportune time for many Boston condo developers. Boston over the last several years saw a surge of high-end condo construction, with a series of new towers delivering hundreds of multimillion-dollar units. Those buildings have struggled to hit their initial sales targets due to the effects of rising interest rates, and this is forcing developers to take out loans to shore up their finances and try new sales strategies. Last week, Cronin Development received a $240M loan for its 114-unit St. Regis Residences, Boston development in the Seaport from Cottonwood Group. The developer put 10 units up for a 'limited inventory bid sale' in October in an effort to spur activity, and the units' minimum bid was 20% below recent comparable sales, the Boston Globe reported. Last week, all 10 units sold to cash buyers, but the prices weren't disclosed."

From KUTV. "It's no secret that Utah has a housing shortage, but there's one big exception to that – at least for right now. Amid a building boom, downtown Salt Lake City is seeing a big bump in apartments, leading to a temporary oversupply, according to one housing analyst. 'We’re seeing just a historic number of new apartment buildings come online downtown,' said Dejan Eskic, senior research fellow at the Kem C. Gardner Policy Institute. Eskic said with roughly 5,000 new apartments coming to the downtown area in a two-year period – especially studio and 1-bedroom units – supply has temporarily exceeded demand. 'In the short-term, you can say we’ve overbuilt,' Eskic said."

CBC News in Canada. "Charlottetown mortgage broker Steve Swyer is getting a lot of calls these days from clients wondering how they are going to manage their mortgage renewals. Many of them don't understand the magnitude of what they may be facing, Swyer told CBC News. They come in with an expectation of paying $50 or $100 more a month. 'When you hit them with a $250 or $400 increase, it's definitely a deer in a headlight kind of look at you. And saying, are you serious? Are you kidding me?' he said. 'More panic than worry. I've had a couple of clients already that are actually putting their house on the market for sale.' For a more recently purchased home with the Island's rapidly increasing housing prices, those costs could easily jump up $700 or $800 a month on renewal."

Blog TO in Canada. "It's no wonder why home sales in and around Toronto have been tanking for months, but stakeholders are growing increasingly concerned with the snowballing impacts of a lack of market activity. While some builders are giving away literal gold to attract buyers, dozens of new condo complexes that were on the way this year have been deferred, with the wealthy companies funding them 'unable to make an economic case for proceeding in the current market.' Luckily in the case of resale homes, the current lack of market attractiveness has meant a shift into more of a buyers' territory, where sellers are desperate and listings are plentiful: last month had 50 per cent more active listings than October 2022, per the Toronto Regional Real Estate Board (TRREB), but 5.8 per cent lower sales volumes."

From Bloomberg. "Interest rate hikes have upended residential real estate markets across Europe but no where is the wave of distress more evident than in Germany, according to Bob Faith, Chief Executive Officer of Greystar Real Estate Partners. Prices soared and rental yields on German residential properties were squeezed to record lows during the zero-interest-rate era as investors poured into real estate in search of returns. 'Germany is probably the most distressed in Europe right now, we are very closely looking through some interesting situations,' Faith said in an interview on Bloomberg Television. 'I think there will be some investors that took too much debt when it was cheap.'"

From ABC News. "An increase in the short-term sale of properties — those that are bought and sold within three years — has hit a 10-year high, with the biggest spike in regional Queensland, according to a national outlook of housing trends. CoreLogic has revealed a sharp increase in the repeated sales of properties in regional Australia, hitting a 10-year high of 18.9 per cent. Previously, short-term sales were commonly due to properties being 'flipped,' but the data suggests mortgage stress has now created 'proactive selling' conditions."

"Ipswich real estate agent Mitch Edwards has been a local all his life and started working in the industry in 2006. He's seen this trend play out in real-time, with a client recently making the move to sell an investment property they only secured 'a couple of years ago.' 'With the rate rises on that property, as well as his own personal property, his broker [suggested] to sell,' Mr Edwards said. The real estate agent has also seen some first home buyers, including friends, who have had to refinance their home loans in an attempt to stay afloat after their rates 'almost doubled.' 'I have seen a lot of people that are getting appraisals because with the rate rises that have happened, they may need to sell in the new year,' Mr Edwards said."

"Mr Edwards said there was a risk that the seller's market could flip to a buyer's market 'if there's a large number of people in the same boat' who are also looking to sell. 'We did see it [happen] before in 2008, where say a home sold for $320,000, we were reappraising it at $299,000,' Mr Edwards said. 'That's a $20,000 loss — not a lot of people have [that much money] sitting in their back pocket. It is distressing [hearing] 'Hey Mitch, we can't afford to live here anymore, we need to sell.'"