It's Friday desk clearing time for this blogger. "Another housing market report is raising red flags about Dallas' runaway home market. Record prices in the Dallas area have made this one of the most 'mismatched' markets in the country - where buyers can't find homes at prices they want, according to Trulia. More than 30 percent of Dallas-area home shoppers aren't able to buy a house in a price range they can afford, Trulia researchers found. 'In Dallas, job growth accelerated from early 2015 to today, yet the mismatch is large and growing when compared with the same period in 2015,' says Trulia analyst Felipe Chacon. 'The median listing price and price per square foot in Dallas climbed 11.8 percent and 10.4 percent year over year in August 2016, while search interest remained relatively unchanged.'"

"Dallas-Fort Worth home prices are about 40 percent higher over the last few years. Home prices in North Texas this year are almost 60 percent higher than they were at the peak of the last housing cycle in June of 2007."

"As the newest set of Manhattan real estate market reports make the rounds, many were taken aback by the rather large number of units sitting on the market, with a relative lack of sales from this time last year. The greater abundance of resale means that there is less of an incentive for buyers to engage in bidding wars, resulting in many sellers realizing that they’re going to have to lower listing prices. 'It’s a collection of factors that influence price—there is not any one smoking gun,' Engel & Völkers New York president Stuart Siegel said. 'Buyers think they are buying 18 months from now, and sellers think they are selling 18 months ago,' when sales were at a high."

"'We’re adjusting to something that is a new market, but one which is much less irrational! I think it’s a better place to be,' Miller Samuel CEO Jonathan Miller told the Observer. 'Well, unless you’re a super luxury developer,' he laughed."

"Hundreds of new apartments have opened in downtown New Orleans in converted office towers and the newly built South Market District, adding supply on the more expensive side of the market. Some rental property owners who have enjoyed top rents in pricey neighborhoods in recent years are now finding it tough to find tenants and lowering their rates, real estate agents say. 'You drive around Uptown and you see 'For Rent' sign after 'For Rent' sign after 'For Rent' sign,' said David Reeves with Latter & Blum."

"Meanwhile, home prices in Uptown and the French Quarter have actually declined. Julie McGehee owns a small apartment building near St. Charles and Napoleon avenues. One of the units has been empty but available for rent since mid-August. She is renting the two-bedroom, one-bath unit for $1,450. Given the prime location, she said, it usually doesn't take this long. 'I'm in a big bind,' McGehee said. 'I have a mortgage ... It wakes you up at night.'"

"The Angelgate development in the city's Green Quarter, proposed to build 344 'luxury' apartments in the city centre. However, after the contractors for the development - PHD1 - went into administration, plans began to stall and work has yet to fully commence. Candy Choi and her husband Eddie Lau had bought two properties off-site at Angelgate, investing approximately £290,000 - of which they have paid £230,000 - in the development."

"Mrs Choi said: 'Buyers are considering to sue Pinnacle, so we are considering to pay money to our litigation lawyer, but not Pinnacle. The whole affair reflects that there is loophole in the UK legislation in the sense that buyers' deposit is not sufficiently protected in off-plan purchases.'"

"Parts of WA hit by the mining construction downturn or rising unemployment are becoming no-go zones for the nation’s big banks, fearful of making losses on crumbling property markets. During the past 12 months the median house value in South Hedland has dropped by 45 per cent while one of the older areas of Karratha, Nickol, has suffered a 44 per cent drop. This week the International Monetary Fund raised concerns about the total level of debt across the world, which has now reached $200 trillion, and singled out Australia because private debt levels are on the rise."

"Westpac chief executive Brian Hartzer said banks did not benefit from sky-rocketing prices which were now preventing increasing numbers of potential buyers out of the market. 'Housing has become more difficult for families to afford,' he said."

"Singapore home prices dropped by the most in more than seven years as developers offered discounts amid signals from the government that it won’t roll back property curbs initiated in 2009. The head of Singapore’s central bank, Ravi Menon, said last month that the city-state doesn’t plan to ease property curbs anytime soon, even as home prices have fallen 11 percent from a peak in September 2013 and sales have halved. That’s increasing the pressure on developers to offer discounts, payment programs and other incentives to stoke sales. 'The haemorrhage continues for home prices,' said Nicholas Mak, an executive director at SLP International Property Consultants in Singapore."

"The existing stock of unsold homes may take three years to sell, according to Augustine Tan, President of the Real Estate Developers’ Association of Singapore. In addition to the oversupply, home vacancy rates are at their highest in more than 11 years, Tan said last month."

"Tony Joe, a real estate agent in Victoria, received a predictable earful last spring when he distributed flyers that screamed: 'Investors and foreign buyers want your property!' The glossy mailouts touted Joe’s connections to—you guessed it—China. But then a funny thing happened. Joe’s phone started ringing and it didn’t stop. 'Honestly, it was a very successful campaign for us,' he says. 'There were a lot of people who said, 'I know you deal with a lot of Chinese, can you sell my property?'"

"How did we get here? Years of relative government inaction on the housing file are one reason. Failure to grasp the potential impact of foreign money on Canadian real estate is another. But much of the blame falls on the shoulders of individual Canadians."

"Vancouver lawyer Jonathan Weisman sits on the board of the Dunbar Residents Association. He says he and other homeowners are 'tremendously concerned' about the impact of risky new government policies aimed at promoting housing affordability on their coveted West Side neighbourhood, where a modest, 70-year-old bungalow sold for $4 million earlier this spring. Like himself, Weisman says many residents scrimped and saved to buy a slice of West Coast paradise. 'They shouldn’t be penalized for owning something that’s valuable,' he says."

"But foreigners weren’t the only ones who stopped buying. So did everyone else. 'The market’s gone cold,' says Keith Roy, a local agent. He points to his neighbour’s house across the street. Worth as much as $1.85 million back in May, it was put up for sale several weeks ago for $1.8 million and the price has been dropped twice since. 'It’s now down to $1.6 million,' he says. 'No action.'"

"Some homeowners in Canada’s biggest city are eager to cash in while they still can. Local agent Victoria Boscariol says she now receives at least one call a week from someone with the following message: 'I’ve got this property and I want to sell for a high price to the Chinese.'"

"It’s unfortunate that Ottawa didn’t take more assertive steps to bring the housing market to heel back five years ago when Canada’s economy was still the envy of the world. Now, the country finds itself in the unenviable position of having to explore untested and ever-riskier measures to cool house prices at a time when GDP growth is limping along at just 1.2 per cent. 'It would be a very bad thing if foreigners were to sell properties in Canada, because all of us—homeowners or not—would experience a very significant slowdown in the economy,' says Sherry Cooper, the chief economist at Dominion Lending Centres, who worries governments are being motivated more by political promises to help the middle class than they are by sound economic judgment."

"Of course, that assumes the middle class actually wants to be protected from rising prices. Roy, the Vancouver agent, isn’t so sure. 'Everybody believes in affordable housing,' he says, 'until it comes time to sell their house.'"