A report from WPTV in Florida. "As of July 28, Palm Beach County has the largest inventory of homes on the market, totaling over 13,000 active homes for sale. A Treasure Coast couple spoke with WPTV about their struggle to sell their property as they plan to make space for a growing family. Brian Delahunty and his wife, Carol, moved to Hutchinson Island from Long Island, New York at the end of 2020 with dreams of living on the beach. 'When we moved here it was like well, if you like this you better make a deal for today because it will be gone tomorrow,' said Brian Delahunty. Today, they are trying to sell their beachfront condo and move into a new home in Fort Pierce, but the couple's newly renovated condo has been on the market since February. 'I figured time would be a month or two, maybe three… It's been almost six months now, and it's just a little frustrating,' Delahunty said. Homes sitting empty for months at a time is something that's increasingly becoming more common in our area. 'Our realtor Joe Tumolo had warned us that the market was a little saturated and that the condos aren't selling as quickly,' Carol Delahunty said."

"WPTV reporter Brooke Chau sat down with their realtor Joe Tumolo about why there are so many homes in the area sitting on the market and dropping in price. 'Interest rates are the number one reason,' Tumolo said. 'Affordability is a real issue. Interest rates, property taxes, insurance—they all add up and wages just haven’t kept pace.'"

The Herald Tribune in Florida. "The Realtor Association of Sarasota and Manatee’s June findings showed 'year-over-year declines in median sale prices across all property types and both counties.' The median sale price on single-family homes dropped 8.1% in Sarasota County — from $495,000 to $455,000 — and 15.2% in Manatee County — from $518,950 to $440,000 — compared with June 2024. Both counties also saw dips in the median sale price for townhomes and condos, with a 3.2% decline from $384,000 to $371,020 in Sarasota and a 9.2% decline from $344,495 to $312,900 in Manatee compared to the previous year. 'The condo and townhome market is showing more resilience in pricing compared to single-family homes this month, but sales cycles are stretching, and inventory has grown significantly compared to 2024,' Realtor association President Debi Reynolds said. 'Buyers now have more leverage, and sellers must adjust accordingly.'"

From WMTW. "The number of homes for sale in Maine in June was the highest it has been in nearly five years. A total of 5,047 homes were on the market in June, up 14% from May and the first time the number has been over 5,000 since October 2020. Prices actually dropped more than 8% in both Waldo and Knox counties. 'Discussions with realtors across Maine indicate that, for most markets, the added inventory has resulted in buyers and sellers taking more time to negotiate pricing and offer terms,' said Jeff Harris, president of the Maine Association of Realtors."

The Aspen Times in Colorado. "Lodging data for Western mountain resorts shows June’s booking pace is up for the first time in six months, bringing an end to the longest streak for declining bookings since 2020. However, behind the data is a sharp decrease in available lodgings for visitors to spend the night. Tom Foley, senior vice president of Business Intelligence for Inntopia and author of the market briefing report said the steep decline in available units is heavily related to a decreasing inventory of paid stay options, which mountain resort communities are seeing for two reasons: More people are choosing to vacation in units they already own — thus making the units unavailable for other renters — and more rental units are being put on the market or undergoing renovations."

"'Owners are staying in their units more this year than last, that’s the most common response that we’re getting,' he said, referring to results from a survey of Inntopia’s partners. 'A little less common (response), but well up there is that a lot of units are actively being listed for sale. … Owners are actually actively preparing to sell their unit, and so they’ve taken it off the market for that.' Colorado makes up a large share of the 'missing rooms.' Of the 47,000-room decrease compared to last year, roughly 26,000 are coming from Colorado destinations. The difference is that this year it’s considerably more exaggerated compared to the norm. Unequivocally, (decreasing) international tourism is a direct result of U.S. foreign trade policy.'"

News 5 Cleveland in Ohio. "A lender is foreclosing on Downtown Cleveland’s largest apartment complex, after soaring vacancy and a debt-repayment deadline tipped Reserve Square into a hole. Fannie Mae filed a foreclosure lawsuit on July 21 in federal court against an affiliate of the K&D Group, a major Northeast Ohio landlord. The government-sponsored financing giant says K&D is in default – unable to pay off or refinance the debt on the property. 'We’re out of ideas to fix the problem,' Doug Price, K&D’s CEO, said during a phone interview. The apartments at Reserve Square are more than half-empty, Price said. The nearly 1,000-unit complex was 93% full about a year ago. But hundreds of international students who were scheduled to move in late last year never showed up, Price said. Other international students left as their leases came up for renewal. 'A lot of it was the new administration’s stance on immigration,' Price said, referring to President Donald Trump, who took office in January."

"Cleveland State saw international-student enrollment drop last year and is bracing for more declines, amid visa crackdowns and federal policy shifts. When that pipeline of renters dried up, it was impossible to fill the void at Reserve Square fast enough. Price said K&D had a new loan lined up late last year but ultimately couldn’t move forward. 'We were ready to go into closing and then all the vacancy happened, and both of us knew … we would be in default immediately,' he said of discussions with the lender."

Insauga in Canada. "A report finds housing prices have dropped by $1 million in some Greater Toronto neighbourhoods since 2022. Those who purchased at peak high prices in early 2022, and even some who bought in 2023, are losing money if they need to sell now. There are several examples of homes selling at a loss, including an Oshawa home that sold for a $510,000 loss, and a Brampton house that sold for a $520,000 loss. Since the Greater Toronto Area’s real estate market peaked in early 2022, some neighbourhoods have seen staggering declines in house prices, a report from real estate listing website Wahi noted. In fact, in 10 neighbourhoods across the GTA, the median sale price of a single-family home fell by 40 per cent in a period of three years, Wahi found. Looking at declines by dollar amount, the median price in 10 neighbourhoods across the GTA plunged by $1 million since spring three years ago."

The Post in New Zealand. "A lone orange cone cordons off flood-damaged classrooms at Wesley Intermediate, paint flakes off its weatherboards, the windows in the hall don’t shut and some of its classrooms leak when it rains. The school and its principal Rachel Ward-McCarten have done what they can with the little they have to zhuzh it up. 'We’re trying to make a silk purse out of a sow’s ear, to put it lightly,' Ward-McCarten said. Its roll was meant to grow from 84 children to about 800. There’s now 120. 'Kāinga Ora were in here doing projects with the kids around what their ideal suburbs would look like, what the housing would look like, all of that. Then there was a change of government and information slowed down.' The housing project was cancelled about a month ago amid cuts and a repurposing of housing agency Kāinga Ora."

"Now boarded up state houses set to be demolished for redevelopment litter the area. Some are graffitied, one is burnt out and four sit empty overlooking the school field. 'There are families that have been moved out with the promise that their house will be rebuilt but it’s all just stopped,' said Ward-McCarten. 'Families have lived here for generations and they’ve been moved away and they continue to bring their kids to these schools. These are families that don’t have huge amounts of money at their disposal.' There’s no point putting Crown money into buildings which might soon be demolished but while they wait for a decision and funding, the buildings continue to age. It was one of five Auckland Large Scale Projects set to be delivered by Kāinga Ora at a cost of almost $2b over the next 20 years."

News.com.au in Australia. "Rebecca Welsh thought she’d found her dream home. The two-bedroom townhouse in the beachside suburb of Edithvale, Melbourne, appeared to tick all the boxes when Ms Welsh bought it at auction for $795,000 in early 2021. 'I thought it was great location - it was close to my daughter’s school, close to public transport, close to the beach,' the 52-year-old told news.com.au. 'It just had everything. I wasn’t any the wiser.' Ms Welsh was eager to move straight in and did not get a building inspection, a decision she has come to regret. The following year, she began to notice major issues with the property - and her health. Water was leaking into the kitchen in multiple areas, including through the window, rangehood and ceiling. The house was humid and had a constant damp smell. Ms Welsh was horrified when she discovered the wall cavities were damp and riddled with black mould."

"The level of mould was 'likely to have significant health effects to occupants,' the report said, estimating the cost of mould remediation works to be more than $130,000. The report estimated the cost of repairs - after the mould remediation work - to be more than $200,000. 'This place is a death trap,' Ms Welsh said. Having run out of options, Ms Welsh said she was effectively stuck in her defective home, with no end to her ordeal in sight. 'What do you do? Where do you go and live? I can’t sell, because I wouldn’t get a cent for it. It would have to be bulldozed. Either way, for my own mental sanity, I’ve got to get the place repaired.' Last year, a report from the Australian Housing and Urban Research Institute revealed 70 per cent of the estimated 10.9 million homes across the country have some kind of major building defect."