A report from KTAR News in Arizona. "Home values fell by 2.8% in metro Phoenix over the last year, one of the biggest drops in the country. Price isn’t the only indicator shifting in buyers’ favor, with inventory up and mortgage costs down. Still, many potential Phoenix homebuyers are choosing to wait. 'The number of homes on the market is up almost 38% from last year in Phoenix, and that’s almost double what we see nationally,' Kara Ng, a Zillow senior economist, said Tuesday. Only Austin (-5.1%), Tampa (-5%), San Antonio (-3.2%) and Dallas (-3%) saw larger drops in home value than Phoenix over the last year. However, Tina Tamboer, senior housing analyst with the Cromford Report, explained that the dip in Valley home values might be deceiving. 'In the times of turmoil or volatility, you tend to see the luxury market takes a pause. And so, you’ll see what would appear to be a large drop in price, but what it really is is a shift in market share,' Tamboer told KTAR News. 'It makes it look like there’s a big drop, but there’s really not much of a drop,' she said."

"Still, Tamboer believes the Valley has been in buyer’s market mode for seven months. 'The inventory’s been crawling up for quite some time, but I wouldn’t say we’re at any kind of alarming level, and we’ve actually started to see it level off over the last three or four weeks,' she said. 'I think the best thing for buyers is to get out there and at least look at what the inventory is instead of waiting for the prices to come down, because by the time we start reporting on that, oftentimes it’s already shifted.'"

Business Observer. "A new report has found investors are backing away from putting money into condominiums nationally, with Florida’s well documented trouble dragging the entire market down. Redfin says the slowdown is due to buyer concern that condos will lose value. And that is a legitimate concern: according to its analysis, 68% U.S. condos sold below list price at the start of 2025, the lowest share in five years. Just last week, Homes.com shared data with the Business Observer showing that the median price of condos fell 10.9% from this time last year to $205,000 in Tampa. Fort Myers saw a 20% drop from a year ago to $300,000 while both Naples and Sarasota saw 20% drops. The median price for a condo in Sarasota fell to $320,000 and in Naples it fell to $500,000. 'The Florida condo market is in uncharted territory,' Tim Harper, a Redfin Premier agent working in metro Orlando, says in the report. 'We’re seeing a massive influx of condo inventory because a lot of senior citizens on fixed incomes can no longer afford their monthly payments, and a lot of other condo owners just want to move because they’re tired of dealing with rising HOA fees and special assessments.'"

"One Washington, D.C. agent is quoted as saying 'people who own condos as rentals are trying to offload them because the money no longer makes sense. And people aren’t buying condos to rent them out anymore unless they have cash to burn.'"

From WINK News. "The once-hot housing market in Southwest Florida has cooled significantly, leaving many homeowners with properties lingering on the market. Darleen Strange, a Florida resident, has been trying to sell her mother's home in Fort Myers since November of last year. CBS reporter Cristian Benavides asked if her if it was disheartening. 'It makes me wonder, is it ever gonna happen? It's been on the market right at about 157 days. We've only had four people come look at it,' Strange said. Realtor Angie Ramos has experienced similar challenges, with at least six of her listed properties sitting unsold for extended periods. 'We're seeing a lot of price reductions. Things are selling, but not as quickly as one would want to,' said Ramos."

"Benavides asked Ramos about the real estate market a couple of years ago. 'Robust,' Ramos said. 'It was moving right along. We were selling, selling, selling.' Cape Coral saw the biggest year-over-year price drop in April, followed by North Port, Florida, Austin, Texas, Tampa and Lakeland, Florida. Strange is eager to sell the home to cover her mother's assisted living expenses. Benavides inquired about the urgency of the sale. Strange said, 'We're getting to the point [that] if something doesn't happen within the next year, it would be a scary situation.'"

From Vail Daily. "Home prices aren’t on the decline, at least not to the extent we experienced during the economic crisis in 2008. There are still certain markets and specific types of homes where bargains are available. For instance, Colorado ranks second, just behind Arizona, in active housing inventory, gradually returning to pre-pandemic levels. Factors contributing to the surplus include the fact that many homebuyers who purchased in 2022-23 did so at the market’s peak. Economic uncertainty, inflation, and higher interest rates have put financial pressure on these newer homeowners, prompting some to sell. Aging structures requiring costly repairs, such as roofs, boilers, and common areas, have become burdensome, saturating the market with condominiums and townhomes from owners eager to sell."

"Most of this rising inventory is in the Denver metro area. In 2024, there were 3,336 condominiums on the market. This year, the number has grown to 4,125, marking a 21% increase. In Eagle County, the number rose from 619 in 2024 to 662 this year, a 6.5% increase. For a specific example of price corrections, in November 2023, a two-bedroom condo at the Villas of Brett Ranch in Edwards sold for $775,000. By April 2025, a similar condo in the same complex sold for $620,000. Currently, there are four units for sale in that complex. Recently, HOA dues increased from the mid-$300s to over $700 per month due to new roofs, boilers, and rising insurance costs. This situation is driving prices down and prompting some to sell."

The Guardian on California. "The cuts are already being acutely felt in LA’s burn zones. Disaster relief is composed of many different agencies at the local, state and federal levels, and the federal support is now being pulled out. 'Jenga is one of the best ways to describe it,' said Kelly Daly, AmeriCorps employees union AFSCME Local 2027 president. 'It’s going to come tumbling down.' Judy Chu, the US congresswoman who represents wildfire survivors in Altadena, said she feared the federal cuts would make it harder for survivors to navigate recovery. A woman who lost her home in the Eaton fire had told Chu she had secured a loan from the SBA, support she said was crucial because she was underinsured and couldn’t afford to rebuild without a loan. Since the Doge cuts, she said her caseworker was not responsive and she experienced long wait times to get questions answered. 'Our community was devastated,' the woman wrote to Chu. 'We want to rebuild and move forward, but how can we when the very support we rely on is being stripped away?'"

The Santa Cruz Sentinel in California. "Rep. Sam Liccardo, D-San Jose, lashed out at President Donald Trump’s cuts to programs combating climate change on Friday in Pacifica, where local officials and residents have been left scrambling to protect critical infrastructure after a long-anticipated $50 million federal grant to address severe coastal erosion along Beach Boulevard in Pacifica was scrapped. Local property owners and business leaders are now raising the alarm over what the funding loss could mean for the city’s future. 'I love this place — this is my dream come true,' said Jenifer Behling, who owns an eight-unit apartment building near Beach Boulevard. 'I provide housing for seven other families to also enjoy life along the ocean. My whole investment is being threatened. I am terrified.'"

Storeys in Canada. "A mere 310 new home sales were recorded across the entire GTA in April — the seventh consecutive month that saw sales hit historic lows, surpassing the infamous 1990 downturn. For context, a typical April would historically see around 2,750 new home sales, according to the Building Industry and Land Development Association (BILD). Compared to last year, sales were down 72% in April and sat 89% below the 10-year average. The majority of sales were made up of new single-family homes, which totalled 205 sales, sliding 66% year over year. New condos made up the remaining 105 sales, a bleak 80% drop from April 2024 and 94% below the 10-year average. Inventory ticked down from 21,707 in March to 21,363 units but remains well above average levels at 15 months of inventory. This includes 16,555 condominium apartment units and 4,808 single-family dwellings."

The Weekly Voice in Canada. "Entry-level homes in Mississauga and Brampton are now selling at staggering losses, highlighting the ongoing correction in the GTA’s real estate market and the financial toll on first-time buyers who purchased at peak prices during the 2022 housing frenzy. In Mississauga’s Malton neighborhood, a semi-detached home at 7359 Sigsbee Drive originally sold for $1,150,000 in April 2022. After failing to attract buyers at reduced list prices through late 2023, the property finally sold this month for $775,000—a $375,000 loss. Similarly, a townhouse at 69 Betterton Crescent in Brampton’s Mount Pleasant community sold for $1,230,000 in January 2022. The home had previously been purchased for $740,000 in 2020. After numerous attempts to sell throughout 2024, the property finally closed this May for $840,000, reflecting a $390,000 drop from its peak."

The Globe and Mail in Canada. "The co-founders of now-defunct syndicated mortgage company Fortress Real Developments Inc. have been found guilty of fraud after a lengthy criminal trial. Lawyers for Jawad Rathore, Fortress’s former chief executive officer, and Vince Petrozza, its former chief operating officer, said their clients plan to appeal the Ontario Court of Justice verdict. The company helped to popularize the concept of bringing syndicated mortgages to the masses by allowing mom-and-pop investors to pool their funds and participate in financing early-stage real estate projects. Previously, this type of investment opportunity had been available primarily to wealthy and institutional investors. More than 14,000 retail investors provided $920-million in financing to Fortress for 80 construction projects in cities across the country. While some of the projects were completed, others failed."

"A group representing Fortress’s investors, Victims of Syndicated Mortgage Investments, has estimated them at $416.7-million. Corinne Sutej, who started VOSMI, expressed relief about the decision. 'I think that the judge reiterated that we were right to feel deceived,' she said. Ms. Sutej had invested $25,000 in a Calgary project and lost 90 per cent of her investment. Ekaterina Denisevich invested $100,000 in SkyCity after being promised by an agent that her principal would be safe. The Toronto resident invested in a handful of other Fortress projects, as well. Although one of them was completed, Ms. Denisevich estimates her total losses at $170,000 – money she had planned to give to her daughter. 'Until I see them in jail, I cannot say anything. It’s too early to be happy,' she said."