A report from Boston.com in Massachusetts. "Home prices may be setting new records across the state, but not on Cape Cod. One of the country’s favorite vacation spots, the sandy spit has seen home prices fall during the first six months of 2016, according to The Warren Group, publisher of Banker & Tradesman. The median home price in Barnstable County, which covers towns on the Cape from Sandwich to Provincetown, fell 1.4 percent compared to the same period last year, to $345,000. In fact, the decline was as high as 3 percent through the end of May, before narrowing to 1.4 percent at the end of June."

"Orleans saw one of the biggest drops since last year, with the town’s median home price plunging 11 percent, to $563,000, Warren Group numbers show. Dennis fell 7.1 percent, to $325,000, while Wellfleet fell 6 percent, to $492,000. Other towns saw smaller but still significant declines, including: Eastham, which fell 4.5 percent to $397,750; Harwich, 4 percent to $350,000; Truro, 2 percent to $615,000; and Marston Mills, 3 percent to $319,000."

The Palm Beach Daily News in Florida. "Sir Geoffrey and Lady Sylvia Leigh have had a busy week, at least as far as Palm Beach real estate goes. They sold their Midtown house and bought a lakefront condo via two deeds. The Leighs sold their five-bedroom house at 219 Clarke Ave. to a land trust for a recorded $9.77 million, according to the deed recorded by the Palm Beach County Clerk’s office. Broker Lawrence Moens of Lawrence A. Moens Associates had listed the house in November 2014, first at $13.9 million and more recently at $12.8 million."

"Their new home is a lakefront condominium, No. 302 at the Parc Regent on Bradley Place, which they bought for a recorded $4.184 million. That unit had been under contract since June 3, listed for sale at just under $5 million, a search of the Palm Beach Board of Realtors Multiple Listing Service shows."

From Construction Dive on Texas. "A Houston developer backed by New York investors has changed direction on a 24-story, 550-unit microcondo project that has failed to draw the attention of its targeted market of millennials and empty nesters, the Houston Business Journal reported. After seeing predominantly investor interest during a presales period, Novel Creative Development shifted to a condo hotel concept, or 'contel,' where owners will rent out their units to visitors when they're not using them."

"If the project comes to fruition, it will be one of the first condo hotel developments in Houston. Developers thought millennials in particular would snatch up the 304-square-foot to 1,001-square-foot-units but said they found that demographic was 'not ready yet' for the concept. The Ivy Lofts development featured built-in 'space-saving' furniture like Murphy beds and other convertible pieces but was able to secure deposits from only 68 buyers, most of those investors."

From Park Cities People in Texas. "The first half of 2016 saw a dramatic increase in the number of houses on the market. The number of active listings in the Park Cities increased 81 percent between December and June. The increase was even more striking in Preston Hollow, where active listings nearly doubled over the same time period."

"According to Briggs Freeman Sotheby’s International Realty agent Tom Hughes, the usual increase in spring home sales started later than normal this year. 'Usually when you have a big run like we had in 2014 and 2015, sellers see opportunities for higher prices,' said Hughes. 'When too many decide to list at the same time, it sometimes causes a glut of inventory.'"

"There may be more inventory, but much of it remains in the upper tier of housing prices. 'I think the buyers are pickier,' said Paige Elliot of the Elliot and Elliot Real Estate Group. 'With the properties out there, many of them want open-concept and move-in ready houses, but they don’t want to overpay for it.'"