A report from Mortgage Point Magazine. "The number of vacant properties available for bank-owned auction rose to a more than four-year high in the first quarter of 2025, according to Auction.com data. Among major metro areas, the biggest annual increases in vacant REO properties brought to auction in the first quarter of 2025 were found in Seattle; Wichita Falls, Texas; Phoenix; Colorado Springs; and Los Angeles. Vacant REO properties brought to auction in the first quarter of 2025 had been bank-owned an average of 345 days, down from an average of 744 days a year ago and down from an average of 1,323 days in the first quarter of 2022, immediately after the foreclosure moratorium was lifted."

"'I don’t understand when a property is vacant for a year or two years, why they keep postponing the sale,' said Landon Cunningham, VP of Client Relations at Tenet Capital, a Spokane, Washington-based lender that provides financing for buyers at auction. 'Those houses are going to become more and more dilapidated. More crime, more people squatting in that house.' 'It had been vacant for quite a while … probably a year, so it was not very well taken care of,' said Auction.com buyer Francois Delille about a Houston-area property he purchased at auction in 2022. Following renovations, he returned the property to the retail market as a rental. 'The house being vacant, that’s such a waste. … If that house had been to auction six months earlier, it would have been rented six months earlier.'"

KTNV in Nevada. "Mortgage defaults are climbing in specific areas of the Las Vegas Valley, continuing a troubling trend. The highest number of troubled mortgages is currently coming from zip codes 89121 on the east side of town and 89108 near the historic west side, according to data analysis. Nearly a quarter of all mortgage defaults since January 2022 have occurred just in the first half of this year, according to Shawn McCoy, executive director of the Lied Center for Real Estate at UNLV. Notices of default are also up 28% from last year. March set a record with 235 notices in a single month. The average monthly cost for an apartment in Clark County has decreased about 4.2% since peaking in 2022. The average rent across Southern Nevada is now $1,477, with the trend being driven by a wave of new apartments built over the past four years. 'Rents are coming down. Over the past four years, a lot of new supply has come onto the market. With that, vacancy rates are rising, and the average rent for units is dropping significantly,' McCoy said."

The Globe and Mail. "In Florida alone, around half a million Canadians own property, from houses and condos to RV sites. In fact, when it comes to foreign buyers of Florida real estate, we’ve been number one for years! And while Florida has been welcoming, you now need to capably stickhandle around the political reality of the Donald Trump-Ron DeSantis ecosystem. But this March, I started hearing something I’ve never heard before: one Canadian after another cancelling their plans for a trip south in response to Mr. Trump’s annoying and repeated '51st state' rhetoric, his ridicule of Canada’s former prime minister, and his threats to Canada’s economy. Many who were already down south were packing up and leaving early, and others still were putting their properties up for sale, only to discover it’s not exactly a seller’s market right now. It’s not clear yet whether we’re in this for the long haul. Will thousands of Canadians continue to leave their properties sitting empty or in a rental pool as a matter of principle?"

From Denver 7. "The housing market has shifted in favor of buyers as prices dip and inventory piles up, according to the latest July housing report from the Colorado Association of Realtors. 'Even though it may seem like affordability is a challenge, it is actually a great time to buy,' Cooper Thayer with the Colorado Association of Realtors told Denver7's Jessica Porter. 'You have much more time to search for the perfect home, and you're much more likely to get a great deal right now.' Gone are the days of record prices and low inventory, which resulted in buyers competing with several other offers just a few years ago. Townhomes and condo prices in the Denver area are down 2% from June to July, which is a 6.5% decrease from a year ago. The average price for a townhome or condo is now $392,500. 'Given high interest rates, and especially with the high HOA and insurance fees that come with owning a townhouse or condo, oftentimes, sellers are needing to make adjustments to the price in order to make that work at an affordable level for buyers,' Thayer said."

The Bend Source. "In Central Oregon, 2025 has brought a noticeable shift: a recalibrating housing market where some homes command fanfare and disappear in days, while others linger beyond the norm. In Bend, the supply has climbed to approximately five months — a high not seen since 2013. In nearby Redmond, inventory remains tighter, around a three-month supply. Meanwhile, smaller towns like La Pine and Sisters are still seeing slower movement. Even within Deschutes County, homes take on average 138 days to close in aggregate, though about 43% still sell within 30 days, and others stretch past 90 days. In Bend, April’s houses averaged just 32 days on market, with Sunriver homes closing in as few as 7 days. On the flip side, listings that are overpriced, outdated, poorly presented or stuck in less competitive segments slow to a crawl, with price reductions becoming more common. For sellers, nearly 20–23% of homes had to reduce price in June."

From Insauga. "As housing prices decline across Canada, homes continue to sell for much less than homeowners paid just a few years ago. In Brampton, a home recently sold for a $469,000 loss, and a Mississauga home sold for a $700,000 loss in July. In a tough market, recreational properties are not a priority for many buyers. A recent report found steep price declines in recreational markets across the province on a year-by-year basis, with areas like Niagara-on-the-Lake, Peterborough County, Northwestern Ontario, Orillia, and Grand Bend being hit the hardest. A cottage in Kawartha Lakes is an example of a property selling at a huge loss. The waterfront cottage at 28 Goodman Rd., Kawartha Lakes-Bexley sold for a whopping $1.9 million in May 2022, according to online real estate records. The place was listed for sale in September 2023 for $1,788,800, but it didn’t sell. It was then listed for $1,850,000 in May 2024 and several more times in 2024. By January 2025, the price had dropped to $1,569,900 and finally down to $1,075,000. It sold for $1,040,000 in August, nearly half the 2022 price."

From Cornwall Live in the UK. "Work on a construction site where five so-called 'luxury' homes are being built overlooking one of Cornwall's most beautiful bays has stopped after the developer behind it went into administration. Arcady Heights Limited, one of the many companies under the Stephens & Stephens Group run by Paul Stephens and his wife Helen, has ceased trading. We can now confirm that Acardy Heights Limited has been taken over by the same administrators managing One Pentire in Newquay, a block of 74 apartments and commercial spaces previously owned by Stephens & Stephens on the site of the former Fistral Bay Hotel, which went into administration in May. The current site is now locked up and all work has stopped while private security is also on site. The administrators said they are now on a fact finding mission with regards to the Newlyn site."

From The Post in New Zealand. "Palmerston North house prices well below the 2021-22 peak are contributing to a boost in the number of rental properties available in the city. The median sale price in July rose to $605,000, which was up from $585,000 the month before but still well below highs such as the $720,000 reported by the Real Estate Institute in August 2021. Institute Palmerston North ambassador Andy Stewart said the local market was in a winter slump. There were just 91 sales in July, compared with 138 in May and 103 in June. The $605,000 median price was close to the rateable value of $610,000 but remained disappointing for people who had bought at the peak of the market, he said."

"'Unfortunately, vendors who purchased properties in the strong seller’s market of three years ago and must sell for relocation purposes are struggling to understand that their pricing expectations cannot be met at the present time.' He said some sellers wanting to avoid a loss had withdrawn their properties from the market and were instead renting them out. 'This has caused an overstocked rental market, probably by about 100 properties over normal stock levels.' Having extra properties available for renters to choose from was in turn putting downward pressure on new rental returns."

From Vietnam.net. "In the first half of 2025, Hanoi added 21,951 new housing units approved for sale, nearly 75% of which were condominiums. In Ho Chi Minh City (formerly), CBRE reported that 1,400 condos and 132 low-rise homes were newly launched, with about 1,000 condos and 74 low-rise units launched in Q2 alone. Despite this growing inventory, interest in housing has declined. According to CBRE Vietnam, new supply in Ho Chi Minh City for the second half of 2025 is expected to remain limited, with only 6,000 apartments and 800 low-rise homes projected. The absorption rate of newly launched apartments in the first half dropped to 74%, down from 86% in the same period last year. To boost sales, developers offered incentives such as discounts ranging from 9%-16%, mortgage grace periods up to 10 years, and interior furnishing packages. Nguyen Van Dinh, Chairman of the Vietnam Association of Realtors (VARS), criticized the current market quality, calling it easily manipulated and prone to speculative bubbles. Poor planning and abandoned urban zones further waste resources while driving prices out of reach for genuine buyers. Cen Group Chairman Nguyen Trung Vu cautioned that unchecked mega-project expansion may flood the market. In the past, projects of a few hundred hectares were considered large, but today, giant urban zones spanning several thousand hectares are becoming common."