They’re Listening – They’re Pro-active, They’re Trying To Mitigate Their Loss
A report from Maui Now in Hawaii. "Maui’s housing market showed mixed trends, according to the REALTORS Association of Maui (RAM). While sales of single-family homes and condominiums fell by 1.5% and 5.1% year-over-year, respectively, median sales prices saw more noticeable changes. The median price for single-family homes declined by 5.7% to $1,315,000, while condominium prices dropped sharply by 28.6% to $700,000. The median days on the market for both property types stood at 134 days, indicating a slower pace of sales. 'Maui’s housing market is undergoing a shift,' said RAM President Lynette Pendergast. 'While sales activity for single-family homes and condominiums remains relatively steady, recent price adjustments and increased inventory may give buyers more options in the months ahead.'"
From Fox 13. "New housing developments are popping up all over Florida, and for the past two years, FOX 13 has investigated claims of faulty home construction. If you were to search for new construction homes in the Greater Tampa Bay Area, on a site such as Zillow or Realtor, you'll find thousands of new builds. Hillsborough County Commissioner Joshua Wostal is keeping a close eye on the progress at Victoria Lakes because he doesn’t want a repeat of what happened in Pasco County. Commissioner Wostal said, 'I do have friends that were up there in Starkey Ranch and the mold was so bad that it started to crack their counters, and they were displaced.' One particular neighborhood called Whitfield Preserve saw a number of issues. Resident Niteeja Likhite said, 'We assume this is a new construction so we wouldn't have many problems.'"
"The Likhite’s closed on their home at the start of the pandemic in February 2020, when homes in the area were going up fast. The homes in Starkey Ranch were priced from 500,000 to over a million dollars. 'One day I was in the kitchen, and it started pouring on top of my head, and I was like, where is this water coming from?' Niteeja exclaimed. When she contacted the builder, Taylor Morrison, in 2023, she was told that because she was outside the two-year home warranty by about a year, the builder was not responsible for repairs. Niteeja told us, 'I was mad! That in my beautiful house, like we spent all our money on this house that we built, and this is what we got.' Niteeja's experience is not unique. Over our two-year investigation, FOX 13 spoke with a dozen homeowners who all had similar stories of mold in their new construction homes."
9 News in Colorado. "Denver's housing market is notoriously tough – but a new report from the Denver Metro Association of Realtors shows there are more houses available for sale in the metro area now than in the past 14 years. 'It's really nice to be a buyer right now,' said Jacob Schaffer, a home buyer in Denver. 'I think where things are at right now, it's the first time buyers have had leverage in a long time.' Andrew Abrams, a local realtor and market trends committee member with DMAR said the availability of homes in Denver right now is putting the ball in the buyer's court. 'We've seen this before where there's really high inventory,' Abrams said. 'Having said that, we haven't seen it in a while and it feels that much more impactful and so properties are sitting, sellers are having to be more flexible, and buyers are also being a little more picky on what they choose because they have more options.' The added inventory has people ready to sell their starter homes, he said, unlocking even more options for buyers around town."
The Gazette. "The supply of homes for sale in the Colorado Springs area reached a nearly 11-year high in June, and home sales also saw a slight boost in the sixth month of the year — even as area median home prices reached record highs. As of June 30, there were 4,055 single-family and patio homes for sale, a 36.4% increase over the same month last year, according to a Pikes Peak Association of Realtors market trends report. It's the most since 4,104 properties were listed in August 2014, historical data maintained by The Gazette show, based on Realtors Association figures. The median sale price of condos and townhomes in the Colorado Springs area was $330,000 in June, down 3.2% from $364,586 in May and down almost 10% from $365,000 in June 2024, according to the Realtors Association report. 'I think buyers got tired of waiting for good news. One of the biggest reasons people move these days is to be closer to family. They've been waiting to sell and to buy, and now I think their tolerance level has reached the level of, 'we have to do something,' said Gordon Dean, a real estate agent with Re/Max Advantage in Colorado Springs. 'So that's causing the inventory.'"
KTNV in Nevada. "Now that June has passed, new housing numbers show another month and the same story — more homes are up for sale. We're also seeing the number of homes sold going down. I visited one neighborhood near Sahara Avenue and Arville Street where there are several homes up for sale on one street alone. This is a growing trend across the valley. 'Two on this side, one the last house over there, that’s a rental, this one is going to be going up for sale. At the corner of the street there’s another one,' said Vicki Franklin who has lived in the a neighborhood near Sahara and Arville for 35 years. 'When we bought our first home it was like $80,000. And what are they going for now? $450,000,' Franklin said. She believes high prices are why homes, including some on her street, aren't selling. 'I know three that have been up for six-plus months, maybe a year,' Franklin said."
The Healdsburg Tribune in California. "In Healdsburg, inventory has soared. Months of supply nearly doubled from 5.4 to 8.7 in just a year—a 61% increase signaling a dramatic shift from a seller’s market to one where buyers have more leverage than at any time since before the pandemic. Sonoma County has also seen inventory climb. The county’s months of supply reached 3.4 by June, up from 2.2 a year ago. This is especially true at the higher end, where both areas are seeing double-digit months of inventory for homes priced above $2 million. The typical Healdsburg home over $2 million now takes 180 days to sell, compared to about 70 days in the rest of Sonoma County. While Healdsburg luxury sellers still achieve about 93.7% of their original list price, that’s only after months of negotiation and often price reductions."
"Pricing matters, and overpricing costs sellers dearly. Consider this scenario: A home should be priced at $2 million. Tempted by optimism, the seller lists it at $2.2 million. Months pass with little interest. Eventually, the seller reduces the price by 13.2%—the average reduction for homes that don’t sell right away—bringing it down to $1.91 million. But buyers see a stale listing and come in with lower offers. The final sale price? Just $1.78 million. Contrast that with a seller who prices correctly from day one at $2 million. That home attracts real interest, generates competition and ultimately sells for $1.94 million—$160,000 more than the overpricing strategy. The data is clear: Homes priced right from the start in Healdsburg sell for 97.2% of their original list price in 55 days; those that chase the market down sell for only 81.2% of their original list in 213 days. This buyer profile is common in Healdsburg’s market. Only 44.8% of homes sold in the first half of 2025 were purchased as primary residences. Contrary to the local 'second home narrative,' the most active non-owner occupied buyers aren’t San Franciscans or out-of-state investors—they’re Healdsburg locals. Residents who know the market best are still buying, showing confidence in the town’s long-term prospects."
Bay Area Newsgroup in California. "A downtown San Jose housing tower with well over 300 units is in default on a $182.5 million construction loan, according to county records. The Fay, a 23-story apartment building at the corner of South First Street and East Reed Street in the trendy SoFA district, is in default on the loan, documents filed on July 1 with the Santa Clara County Recorder’s Office show. When The Fay formally opened its doors in December 2024, the building’s owners and San Jose officials expressed hope that the tower’s tenants would help inject additional vibrancy into the area. The loan default now raises the specter that a new owner could wind up with the building as the lender might seek to foreclose the loan and put the property up for auction or seize the tower to satisfy the loan delinquency. Apartment property loan defaults and foreclosures have become particularly acute in the East Bay. Lenders have seized multiple apartment buildings to satisfy delinquent loans. The struggles of the apartment market could lead to fading values for these types of properties, a problem that haunts other segments of the commercial real estate market, such as office buildings and hotels."
The Globe and Mail in Canada. "Motivated sellers are reducing their asking prices in the Toronto-area real estate market as competing properties arrive in July. Andre Kutyan, broker with Harvey Kalles Real Estate, is advising sellers who haven’t struck a deal quickly to reduce their asking price. For homeowners listing for the first time this summer, he recommends an 'aggressive' asking price from the start. The enclave of Lawrence Park, for example, kicked off July with a relatively bulging supply of 25 properties with asking prices ranging from $3.695-million to $10.995-million. While many have been relisted multiples times, Mr. Kutyan says, eight are fresh listings. Mr. Kutyan cut asking prices for three of his own listings in the dwindling days of June. At 12 Tetbury Cres., Mr. Kutyan trimmed the asking price for a contemporary four-bedroom house to $4.99-million from $5.299-million."
"On a cul-de-sac near Yonge Street south of Lawrence Avenue, Mr. Kutyan lowered the asking price of a three-bedroom detached house to $2.199-million from $2.349-million in mid-June after 19 days on the market. The latest asking price is below the amount the sellers paid in a bidding war in February, 2022 at the market’s high point. At that time they paid $2.52-million for the home listed with an asking price of $1.995-million, then paid for renovations. Mr. Kutyan says the improvements may help to attract buyers in the current market, but the homeowners are unlikely to get what they paid for the property because prices in the area have fallen between 10 and 15 per cent since then. 'They’re listening – they’re pro-active,' he says. 'They’re trying to mitigate their loss.'"
Global News in Canada. "Behind the lawn signs and open house doors in Calgary’s real estate sector, a nefarious scandal has been unravelling for years. Calgary real estate agent Derek Davidson says he is one of dozens of victims. 'I was being constantly assured, misled, down the path until he got to the point he could no longer hide it.' Over the past several years, Davidson says he’s been waiting for his money back after lending former real estate agent Eric Drinkwater $80,000. '(Drinkwater) continued to delay and lie to people, telling him they were going to get the money… until (the scheme fell apart).' Davidson is one of several people who spoke to Global News, saying they were victimized in a similar way — by a complex bridge financing scheme orchestrated by Drinkwater. Davidson said he hasn’t seen a dime of it in the two years since. 'I mean, I went from thinking I was going to get my money back, I’ve just got to be patient, to (thinking) I’m never going to get my money back, to realizing I was defrauded and duped, to realizing I was one of many.'"
"By the time law enforcement had been made aware of the allegations, two other investigations had already begun. Calgary lawyer Blair Ector had also been diligently working on the case after being approached by a handful of clients. 'Initially when (Drinkwater) would start with much lower amounts with high rates of return, and he would usually pay that first, make the first payment back towards the smaller loans,' Ector says. 'And then he would gradually and progressively build bigger and bigger loans.' With his licence currently suspended, the Real Estate Council of Alberta is engaged in ongoing disciplinary hearings with Drinkwater. According to a decision in the civil court action, Drinkwater stated to the owner of Re/Max Central, Pat Hare, that he would 'call RECA,' to which Hare replied: 'You do not have to call RECA unless you go bankrupt. What are you going to tell them that you stole other people’s money or you put them on a Ponzi scheme.'"
Scoop New Zealand. "While the broader market remains subdued, Davies Homes is building for a diverse audience from high-end custom homes to investment properties and first-home buyers. 'Right now, everything’s lining up in favour of new builds — pricing, availability, and quality,' says Daniel Davies, founder of Davies Homes. 'Subcontractors are more accessible, lead times are manageable, and product options have never been better.' During the housing boom, material shortages and long wait times forced compromises. Now, the pressure has eased. 'Back then, we were constantly substituting materials just to keep projects moving,' Davies explains. 'Today, clients can make decisions based on preference — not desperation.' The fear-of-missing-out mentality has given way to thoughtful planning. Land is no longer snapped up in panic, and buyers can work through scenarios with more clarity. 'It’s a buyer’s market in terms of mindset,' Davies says. 'People have the breathing space to make the right decisions — and avoid buyer’s remorse.'"
From Vietnam.net. "Nguyen Van Dinh, Vice Chair of the Vietnam Real Estate Association, believes there is an issue with current pricing. 'Many localities are setting sky-high land prices, though their pricing method is correct when based on market transactions as a benchmark,' he said. He warned that real estate businesses will face challenges in the near future, as the legal framework, though partially improved, remains incomplete and requires further adjustments. 'When we reviewed those transactions, we found that most were highly 'inflated.' We can say that these transaction prices were manipulated by certain market players. As a result, when these prices are used to set official price lists, it effectively legitimizes and legalizes these 'artificial' or 'bubble' prices,' Dinh explained. According to Dinh, this is dangerous, as it hinders investment capital flow when businesses leasing land must pay inflated prices. Real estate prices are driven up by these artificial transactions, making it difficult for those with genuine needs to access the market. Dinh proposed that all transactions should go through trading floors to ensure better control and prevent manipulation, speculation, and price inflation."