Inman News has this on New York. "Sales of existing single-family homes in New York fell by double digits between July 2005 and July 2006, according to preliminary single-family sales data accumulated by the New York State Association of Realtors." "There were 9,392 sales recorded statewide in July, a decrease of 11.3 percent from the 10,681 homes sold in July 2005, according to the preliminary data. Last month's sales total was down 7.6 percent from June's level of 10,166 sales."

"The statewide median selling price rose 3.7 percent in July to $269,700, compared with the $260,000 median recorded in July 2005. The July 2006 median price, however, was down by 3.3 percent compared to the previous month."

"'There is no 'housing bubble' bursting in New York state,' said Charles M. Staro, NYSAR chief executive officer. 'The data through July 31 simply show the expected softening of sales and slowing in median sales price increases after several years of exceptional growth. After years of a hot sellers’ market, we are seeing a return to balance, if not a tipping toward buyers as sales prices level.'"

The Providence Journal from Rhode Island. "The recent downturn in condominium sales statewide doesn't concern the developers of three luxury condo towers in downtown Providence. Intercontinental Real Estate Corp., The Procaccianti Group and BlueChip Properties are in the midst of constructing 426 high-end condos that are priced between $400,000 and $2.5 million each."

"All three developers said this week that interest from buyers has remained strong and they are confident condos in the complexes will continue to sell. 'I'm not worried about [the market] at all,' said (developer) Nicholas Iselin with Boston's Intercontinental Real Estate, which is putting up two towers next to the Providence train station that will contain 193 condos."

"Buyers have already signed purchase-and-sale agreements on eight of the units, said Iselin, and in total, 33 are under reservation. While that's down from the 80 units under reservation last year, he said, the developer doesn't see it as a problem." "'There's not a huge incentive to jump off the sidelines and I think people can afford to have a wait-and-see attitude. And that's fine,' said Iselin."

"Condominium sales across the state were off significantly during the second quarter of the year, dropping 22.6 percent compared with the second quarter of 2005, according to the Rhode Island Association of Realtors."

"For BlueChip Properties, about 19 of the 130 condos it is under agreement, said Jerry O'Connor, development director for the project. 'There's been a traditional summer slowdown, but we're happy where we are on sales,' he said."