A report from Fox 10 Phoenix. "There are a lot of questions about what President Donald Trump's tariffs could mean for Arizona and the state's snowbird industry. Miles Zimbaluck is a real estate agent who works with Canadians. He said lately, his clients have been doing more selling than buying. We are definitely seeing an uptick in people selling their properties,' said Zimbaluck. 'From January to March' of 2024 versus January to March of 2025, we’ve seen a 700% increase in listings from Canadians, and about a 40% drop in purchases.' Zimbaluck said part of that is the weak purchasing power of the Canadian Dollar. Politics forms the other part. 'We have some clients who are absolutely selling purely because of political reasons,' said Zimbaluck. 'They don’t feel welcome here anymore. They are worried about their financial investment in the U.S., what’s going to happen.'"

"'We know many who have sold their property, and we are contemplating whether we should or not as well,' said Gary Wagner. Wagner is from Canada's Alberta Province, has spent 12 winters in Apache Junction. He wants American and Canadian leaders to think about people like his family. 'To me, they aren’t considering what the implications are down the line, and that’s what is most concerning to us is the damaging of the relationship between Americans and Canadians,' said Wagner."

From The Hill. "The D.C. government dropped its projection for how much the government will take in annually over the next five years, lowering its estimate by roughly $342 million because of a forecast for 'sharp declines' in the federal workforce. Unemployment filings also jumped for D.C., Maryland and Virginia across both February and March. 'When people either lose jobs, or when they even just fear losing a job, they tend to cut back on spending. It’s not a time to buy a new car, or a new house, or even go on vacation or go to a restaurant. So people might be trying to beef up their emergency funds that can have a pretty significant effect on the local businesses, which then might lay off workers,' said Julia Pollak, who is now the chief economist at the U.S. Department of Labor but who spoke to The Hill while working as the chief economist at ZipRecruiter. 'So that’s why even a small increase in the unemployment rate can snowball quite quickly.'"

"Pollak described hiring at the national level as slow and offered a less optimistic outlook. 'There’s kind of a skills mismatch between the jobs that are most starved for talent and the groups of workers who are likely to be starved for jobs,' she said. 'And then it’s probably going to be even harder for these workers because they are concentrated in specific fields and geographies. So there’ll be a glut of talent in the most relevant markets.' She noted that while fields like nursing and skilled trades are needing more workers, sectors like nonprofits, research institutes and think tanks where some government workers might otherwise land are scaling back. 'It’s really not something that any of these workers are expecting. It may have more of a psychological impact as a result,' she said."

From Bisnow. "It seemed like Prince George’s County had finally landed the massive economic development victory it had long been waiting for in the fall of 2023 when the federal government selected it as the site for a new $3.5B FBI headquarters. That plan is now likely dead after President Donald Trump announced earlier this month that his administration intends to stop the headquarters move. The reversal was a huge disappointment for a county that has historically garnered less public and private investment than its neighbors — and was hoping the headquarters would spark an economic renaissance. 'It was what the Pentagon was to Northern Virginia,' said David Iannucci, who until Dec. 31 led the Prince George's County Economic Development Corp. 'It was literally going to change the economy of Prince George's County going ahead for generations.'"

"And this year, like the rest of the D.C. area, Prince George’s County is reeling from the federal government’s mass layoffs and budget cuts, which affect federal and contracting jobs in the suburban jurisdiction. 'We've seen a lot of anxiety about it,' Jolene Ivey, a Prince George's County council member who until last week served as the chair of the council, told Bisnow. Along with the personal struggles she has witnessed, the depletion of wealth that comes with those job losses could put Prince George's at risk of a housing crisis. 'When you look at it on the county level, it's going to have an impact on our budget,' she said. 'People who had these jobs are generally doing pretty well, and they have mortgages that can be significant.'"

NBC Boston in Massachusetts. "Jeff Klein walked us through the basement of his home in Boston's Brighton neighborhood and pointed to what will eventually be a bathroom and a kitchen in the renovated space. His gaze fixated on a large pile of dirt, and he joked it will serve as a nice coffee table while watching TV. It is not exactly how Klein and his wife, Rachel Shuler, envisioned decorating the basement more than a year after construction began. 'I feel anger and rage when I'm down here,' Klein said. 'I want to punch a wall, but there are no walls.' Back in 2023, the couple applied for a City of Boston program that provides up to a $50,000 interest-free loan as gap funding to help homeowners construct accessory dwelling units, or ADUs, on their properties."

"When construction began in January 2024, Klein said the process hummed along as crews tackled demolition and framing inside the basement. However, after providing a large progress payment, Klein said the pace of the work changed. 'It just stopped,' he said. 'It was so abrupt.' Already $78,000 into the project, Klein said a lengthy delay followed with minimal progress. He and his wife resisted handing over more money toward the $132,000 overall price tag. Before long, we connected with Nil Silva and his wife, Sarah Fisher, who also hired Incremental Developers to construct a basement ADU at their Dorchester home. 'I feel conned and robbed,' Silva said. The couple told a similar story about their project getting off to a promising start before progress waned and communication from the contractor grew sparser. She said they never heard from the contractor after handing over the money. 'Just ghosted,' Fisher said. 'I feel overall angry and defeated that we still have no resolution to this at all.'"

The Union Tribune in California. "San Diego County’s population grew by 0.4% last year, bringing the total to 3,298,799, said the latest U.S. Census Bureau data. While the county’s natural growth from more babies being born yielded a net 12,600 new residents, it wasn’t nearly enough to make up for the almost 24,000 more people who left the county than moved in between July 2023 and July 2024. Making up for that loss — and a little more — was the county’s net gain of 24,226 immigrants, who came into the country both legally and illegally. Q: Is it good for San Diego that its population growth is being fueled largely by immigration?"

"Jamie Moraga, Franklin Revere: No: While immigration helps fill workforce gaps, the reality is birth rates are falling, and residents are leaving due to the high cost of living for housing, gas and utilities. California’s unfriendly business environment, stifling regulations and high taxes compound the issue. This population decline has been ongoing for years, with census data confirming the trend. Many are reconsidering if the 'Sunshine Tax' is worth it or if lower-cost states offer better quality of life."

The San Francisco Chronicle. "The typical high-tier S.F. home was worth $1.91 million in February 2025, almost 4% higher than in February 2024. Meanwhile, low-tier home values essentially stayed flat at just over $700,000. It’s not just the San Francisco metro area. In other pricey California metros, including the San Jose, Los Angeles and San Diego areas, luxury home values have grown much faster than those of entry-level homes — and in some cases, slightly faster than mid-tier properties. Additionally, many 'low-tier' homes are likely condominiums, whose market is generally much weaker than those of single-family homes."

"In the Bay Area, it’s far cheaper to rent than it is to buy a home. Layoffs, inflation concerns and other issues are also giving buyers in the lower end of the market pause, said Nigel Hughes, senior director of market analytics at CoStar. 'The people who are considering whether they should rent or buy are people who are starting out' as first-time buyers, he said. 'Who’s going to be brave enough to make an investment on a house where there’s all of this going on in the economy?' As the cost of buying a home in the Bay Area increases, lower- and middle-income residents are likely to continue leaving the region for more affordable areas, Hughes said."

From Realtor.com. "As the spring housing market starts to gradually warm up, more homeowners are emerging from the deep freeze of the winter months to list their properties, but would-be buyers are in no hurry to get off the sidelines. New listings increased by 8.2% from the same time last year, marking the 11th consecutive week of yearly growth, according to the weekly housing trends update from Realtor.com®. But there could be some trouble ahead: Pending home sales have not seen a major increase so far in the selling season, growing only a modest 2% in February. That could signal that buyer activity may be losing some steam, according to Realtor.com economic data manager Sabrina Speianu. A look at the overall inventory for the week ending March 22 shows that the number of active listings surged 29.1% from a year ago, continuing a 72-week streak of annual gains."

Storeys in Canada. "'Worst February on record' reads the headline of the Building Industry and Land Development Association's (BILD) latest monthly stats report, which tracks how many new homes sales occurred in the Greater Toronto Area each month, amongst other metrics. And last month, new homes in the GTA sales hit unprecedented lows, with only 400 transactions recorded in February — a 50% year-over-year decrease. For context, a typical February, based on the 10-year average, would see around 2,570 new homes sales, so February's sales are down 84% comparatively. But the weak month isn't a one-off. Sales hit record lows multiple times in 2024, and December closed out the year with the lowest new home sales seen in 40 years."

"'New home sales across the GTA in February 2025 remained at rock bottom levels,' said Edward Jegg, Research Manager at Altus Group. 'Uncertainty related to upcoming US tariff levels have further added to the reservations buyers previously had on their minds.' Of the 400 new homes that did sell, 248 were single-family homes, down 38% from February 2024 and 75% below the 10-year average, and 152 were condominiums, down 62% from February 2024 and 90% below the 10-year average. With sales low, listing inventory increased from 21,505 in January to 21,863 units, representing a combined inventory level of 14 months. On the price front, benchmark prices dipped for both single-family homes and condominium apartments in the GTA."

Mothership on Thailand. "Many high-rise condominiums in Bangkok were left cracked and damaged following the Mar. 28 magnitude 8.2 earthquake that originated in Myanmar. Consumer confidence in the high-rise property sector in the capital of Thailand has been rattled as a result, following the tremors in the Thai city dominated by skyscrapers, Bangkok Post and The Nation reported. The swaying buildings seen in countless social media videos have raised anxieties about the structural integrity of high-rise residences. This is making matters worse, as Bangkok currently has 'a substantial unsold supply' of condo units, The Nation reported. The existing market has 458.4 billion baht (S$18 billion) of unsold condo inventory."

"This current slump builds on an already weak period in the third quarter of 2024, when new condo sales totalled 19 billion baht (S$747.3 million), making it the lowest level in 14 years, according to the Thai Condominium Association. New sales in the second quarter of 2025 are likely to set a new low. Buyers who have purchased a condo and are scheduled for transfer will likely delay the process to first assess the safety considerations. There could be more than 50 per cent of condo buyers considering cancellations within this year."

The Times of India. "The real estate market in Hyderabad has experienced its most severe downturn since the 2020 pandemic, recording the sharpest decrease amongst metropolitan areas, with sales and new launches both falling by half. According to the latest reports from real estate services firms Anarock and PropEquity, residential sales in the city saw a 45% to 50% decline during this period. The number of units sold decreased from 20,835 between Jan and March 2024 to 11,114 during the same period in 2025, indicating a 47% reduction. With regard to new launches, the city added 10,275 units in the Jan- March 2025 period — a yearly decline of 55% over the same period in 2024 when a total of 22,960 units were launched. 'In fact, over 70% of the new supply was in the luxury and ultra-luxury segments, priced at over Rs 1.5 crore,' reported Anarock property consultants."

"Developers acknowledge the decline and attribute it to reduced interest among NRIs in real estate investments, primarily due to the ongoing crises in the US. Apart from this, there is also hesitation among local investors and buyers to purchase properties, owing to poor return on investment, say market insiders. Even job uncertainties in the IT sector have cast a shadow on real estate, they said. 'NRIs always play a crucial role in driving the growth of real estate, particularly those earning substantial incomes in the US and UK. However, the recent economic uncertainty in America over the past two to three months has made these investors hesitant. They have adopted a wait-and-watch approach, postponing property purchases until the situation stabilises,' said V Rajashekar Reddy, president, CREDAI Hyderabad."

"Reiterating the uncertainty among buyers, N Praveen, president, Telangana Realtors Association said: 'Post pandemic, real estate prices escalated sharply, reaching Rs 5,000 per sft on the outskirts. Within city limits, the rates have surged to Rs 8,000 and Rs 12,000 per sft. Given the current economic downturn affecting potential buyers, investing in property appears less viable. Additionally, the property market faces oversaturation, with available units exceeding actual demand.'"