A report from WTVR. "The days of frenzied bidding wars and offers well above asking price may be coming to an end as the housing market shows signs of cooling down. Home sales across the country have slowed to their lowest pace in 16 years, according to the National Association of Realtors. Sales during what's typically the busiest time of the year are down 0.7 percent compared to the same time last year. Crystal Dow, who is looking for a home in New York's Westchester County with her family, feels less pressure in today's market. 'We don't feel as pressed to put in an offer right away. We do see houses come up quite frequently,' Dow told CBS News. Real estate professionals are noticing the shift as well. 'I'm seeing a lot of buyers sitting on the fence,' said Lizette Sinhart, a realtor with Christie's. Sinhart notes that sellers now need to be more flexible than in recent years. 'So we're having to really talk with the sellers now like the markets changing slightly so we're gonna have to really negotiate those deals if things come up in the inspection or anything like that,' Sinhart said."

The Gabber in Florida. "Here’s what sold on St. Pete Beach, Treasure Island, and Madeira Beach. Here’s what sold on St. Pete Beach, Treasure Island, and Madeira Beach. St. Pete Beach: 340 83rd Ave. This 2/1 home, built in 1952, has 1,140 square feet. It listed for $299,000 and sold for $250,000. Treasure Island: 720 Capri Blvd. This 3/2 home, built in 1968, has 1,889 square feet. It listed for $799,000 and sold for $700,000. 12360 Capri Circle N., #106. This 3/2.5 condo, built in 1982, has 1,855 square feet. It listed for $749,000 and sold for $695,000. 12500 Capri Circle N., #302. This 2/2 condo, built in 1981, has 975 square feet. It listed for $329,000 and sold for $265,000."

The Houston Chronicle in Texas. "The City of Galveston has issued more than 2,400 building permits for commercial and residential projects through the first half of the year, a 9.5% decrease from the same period a year earlier. Galveston had 18.2 months of housing inventory in June, meaning it would take more than a year and a half to sell through all the listings at the current pace, according to the Houston Association of Realtors. The supply glut stems from higher interest rates keeping would-be buyers on the sidelines and the influx of vacation rentals hitting the market since 2023, the Chronicle previously reported. Galveston native Manny Mehos, one of a handful of developers forging ahead with real estate projects in Galveston, doesn’t deny those challenges. 'Mortgage rates and all the uncertainty in the markets that we've seen in the last six months, the volatility, that doesn’t do well for luxury buying,' Mehos said. 'That makes people hesitate, because (a vacation or second home) is a luxury item.'"

NBC San Diego in California. "The local housing market and housing values have been on a tear in recent years. The median price of a home in the San Diego housing market has steadily increased during the '20s. In May 2025, the median sale price of a home was $994,000, up from $630,000 five years earlier when the pandemic hit, according to Redfin. Although the median price of a home continues to rise, houses are sitting on the market for longer. 'Honestly, I think it really just comes down to affordability. A lot of buyers that I've been taking around on tours, you know, have been looking at homes and if it doesn't check 9 or 10 out of their boxes, then they won't pull the trigger on it,' Realtor Alan Uy said."

The Globe and Mail. "For generations, the path to adulthood in Canada was scripted: you graduated, started working and bought a house, likely all in your 20s. That timeline has changed. Hindered by expensive housing, a growing number of Canadians are buying their first home later in life – into their 40s and beyond, a time traditionally used to save for retirement. According to the Canadian Real Estate Association, the average home now costs under $700,000 – nearly quadruple what Statistics Canada listed in 2000. Meanwhile, in the same time period, annual individual income saw a relatively modest increase of $10,000, up to $59,400. Even with a recent dip, home prices remain far above historical levels, having peaked at more than $800,000 in 2022."

"Damon and Kafi Ealey bought their home in Brampton, Ont., just before the pandemic. When Mrs. Ealey’s brother spotted a semi-detached raised bungalow nearby listed for $640,000, it felt like a stretch. But with financial help from both sets of parents, they scraped together a 5-per-cent down payment. It’s located five minutes from a train station and has three bedrooms upstairs and two in the basement – which they rent out for extra income. 'I never thought that we’d have to be in the house and you have to have a renter to survive,' she said. 'We have four people, two big, grown boys, and we have to live just upstairs, which feels, to me, like an apartment.' With 25 years left on the mortgage after a recent renewal, the couple may be 75 when it’s finally paid off. But for them, buying in their 40s came down to timing, not failure."

CBC News in Canada. "A Brampton man accused of defrauding more than a dozen would-be homeowners is now facing additional criminal charges, while a civil lawyer says dozens more alleged victims have recently come forward claiming they were also defrauded. Moiz Kunwar, 28, is accused of taking deposits for pre-construction homes he was not authorized to sell, which were built by a legitimate developer he had no connection with. Last month, Kunwar was charged with fraud over $5,000 and possession of property obtained by crime. That's on top of two counts of each charge already laid against him in February and March of this year, according to Brampton court records. The criminal charges against him have yet to be tested in court. Now, Peel Regional Police are warning the public about Kunwar. Three civil lawsuits filed in Ontario Superior Court paint a similar picture."

"Toronto lawyer Andrew Ballantyne is representing seven plaintiffs in a civil lawsuit against Kunwar. Since CBC Toronto's reporting on Kunwar's criminal charges in May, he says he's received phone calls from 40 to 50 people who believe they are also victims of the alleged real estate scam. Since CBC Toronto's reporting on Kunwar's criminal charges in May, he says he's received phone calls from 40 to 50 people who believe they are also victims of the alleged real estate scam. 'A lot of these people are regular, everyday people … [who] have given their life savings and it's tragic to see,' he said. He says because the real estate deal Kunwar was offering was so good, many were eager to tell their friends and family, who also signed up. 'It just spread like wildfire,' he said. Ballantyne says the would-be buyers were often taken out to the development site and shown the home they were going to be purchasing. 'Eventually that unit gets built. Eventually [other] people move into that unit, the closing date comes and goes and people realize, 'Hey, what's going on here?'"

The I Paper in the UK. "Jennifer Docherty, 47, thought she had struck gold back in 2008, when she and her husband bought a two‑bed flat in Battersea, London, through shared ownership. She earned £22,500 a year and her husband £23,000 – salaries that made private purchase unaffordable. Ms Docherty said that shared ownership was an opportunity to get a bigger and better apartment. But fast forward 17 years, now living in Hong Kong, the steep rise in service charges has left Ms Docherty regretting the decision. Her 739 sq ft flat, once seen as a stepping stone, has turned into a financial burden. When they moved in, service charges were around £1,200 a year, she said, but as the years wore on, charges ballooned. By 2013, they started billing her for a concierge service at the estate’s main entrance – a space she and other shared ownership residents were barred from using. They are now more than £7,000 annually."

"Ms Docherty, who is a Master of Wine, said: 'We naively learned about the inequality of shared ownership with its separate entrance (poor door) and the reduced services.' Ms Docherty cited the irony of paying for a concierge and private garden that she cannot use. Now, an ex‑shared‑owner who has staircased to 100 per cent, which is the process of buying additional shares in your home from your housing provider, Ms Docherty, still owns the flat but rents it out. Even renting out the flat does not cover her mortgage, she said. 'We have the same cost‑of‑living pressures due to having shared ownership exorbitant service charge issues,' she added, noting she also struggled to secure a fixed-rate mortgage as a UK citizen living abroad. She advised others to 'save more and buy privately if you can', adding: 'It’s not worth the stress of dragging along a dead carcass throughout your home ownership journey.'"

The Courier Mail. "Nearly 200 Aussie suburbs recorded a drop in home values over the past three months, including two where home values plunged by over $100,000. Units in Lalor Park in the Sydney-Blacktown region was the worst performing market in the last quarter, declining by 17 per cent in the three months to June, or $104,066. The median unit price there is now $514,808. It was followed by Fairfield East (Sydney-Parramatta), where unit values plunged 9 per cent to $596,272 and Lisarow on the NSW central Coast, where unit values fell 8 per cent. Meanwhile, the worst performing house market was Point Lookout in Queensland, where home values fell 6 per cent, or $108,173, to $1,768,325. Over the year, the worst performing market was Banksmeadow in NSW, where unit values plunged by 28 per cent."

Stuff New Zealand. "Kāinga Ora is selling off two pieces of central Wellington real estate and has just 42 new units in the pipeline for the city, despite the social housing register exceeding 640. Documents obtained via an Official Information Act request confirm the undeveloped sites at 28 and 132 Adelaide Road are listed for divestment. 'Market testing in early 2024, on the basis of the delivery of the proposed apartment scheme, showed very little interest in the delivery of the development,' a December 2024 report said about the 2000m2 section at 28 Adelaide Road, which the agency had pledged to turn into 280 homes."

"'None of the options are projected to be financially sustainable … This is because the land value has deteriorated since the purchase in line with market conditions and the purchase was underpinned with Let’s Get Wellington Moving,' it continued. The site, bought in 2022 as part of the agency’s now-cancelled Land Programme, cost just under $10 million. It is now worth $4.69 million according to September 2024 QV figures. The other property, which cost the agency $4.1 million in early 2023, is being ditched after the agency reviewed the viability of 466 projects and announced it would halt over 200 developments and sell around a fifth of its vacant land last month. It has devalued by $2.7 million since purchase."