A report from the Boston Globe in Massachusetts. "It’s too soon to declare victory, but Mayor Marty Walsh’s housing policies are clearly starting to help the two-thirds of Boston residents who rent their homes. City statistics show that average rents fell by 4 percent last year in older units in Boston. The biggest reason for the dip in rental prices up to this point is visible on the skyline: After taking office, Walsh pledged to build 53,000 new units of housing, a goal he appears to be on track to meet. Many of those new units, whether they’re condos or apartments, are too expensive for the average family. But the city believes that they’ve reduced the demand on older housing stock enough that owners of existing units have been forced to lower their prices to compete. The law of supply and demand, it would appear, is working in Boston."

The Daily Press in Virginia. "As apartment rent growth stabilizes after high post-recession demand, renters are expecting more from Peninsula properties, managers say. Hampton Roads is expected to lag behind the nation in apartment demand this year after experiencing job losses related to cuts in defense spending and lagging population growth, according to the latest Hampton Roads Real Estate Review and Forecast. 'We're still slightly oversupplied,'Chris McKee, president of operations for The Franklin Johnston Group, said."

The Baltimore Sun in Maryland. "As developers flood Baltimore with apartments in response to what they see as an insatiable appetite for new residences, the numbers raise a question: Are there too many? Just over 5,600 residential units, mostly apartments, were under construction in Baltimore and 1,800 more were approved as of April, according to the city's planning department. Another 1,400 units opened just last year."

"William H. Cole IV of the Baltimore Development Corp., said he thinks the market will determine its own saturation point. 'As soon as lenders stop financing these projects, we'll know we've reached our capacity,' he said. 'But we haven't reached that yet.'"

"But it could be coming. The Wall Street Journal reported in February that major banks were becoming increasingly cautious in lending for multifamily projects nationwide."

The Journal Sentinel in Wisconsin. "The Brady St. area is landing another new apartment development, the latest in a series of higher-end projects targeting younger renters on Milwaukee's east side. Ogden Multifamily Partners LLC will start construction soon on a five-story, 30-unit building, said Jason Pietsch, firm principal. The new buildings are tapping into continued strong demand among millennials for higher-end apartments in the area near E. Brady St.'s taverns, restaurants and shops, Pietsch said."

"Keystone on Brady's average monthly rent is $1,650 for a one-bedroom unit, Pietsch said. Nine10 at Land Place will have larger units, and somewhat higher rents, he said. There are some concerns about whether the east side and downtown apartment market is being overbuilt, Pietsch said, especially with River House bringing a large number of new units. But interest in and around Brady St. remains high, he said."

The New York Post. "Billionaire’s Row is headed for its first foreclosure. The dubious distinction is going to a stunning apartment on the 56th floor of 157 W. 57th St. — the city’s first 'billionaire’s building,' which is home to the Big Apple’s only $100 million condo. 'This is the first high-end condo to go into foreclosure,' said Kashy Eyn, of Platinum Properties, who is listing the property with Cash Bernard."

"A mystery buyer who shielded his identity behind an LLC, Central Park Immobilier, bought the unit for $21.4 million in 2015. It is now on the market for $22.5 million — where it has agonizingly lingered for the past 547 days, according to Streeteasy. There is now a lien on the property for $20.9 million 'plus interest and costs,' and a foreclosure auction is slated for June 14, according to Property Shark. 'We rarely see luxury condos up for auction, let alone in such an exclusive building as One57, home to the city’s most expensive condo ever sold,' a Property Shark spokesman said."

"A source told The Post there have been several offers on the unit, but the seller has rejected them 'because they weren’t high enough.' Only about 30 residential properties in Manhattan have been slated for the first time to go to foreclosure auction during the first quarter of 2017, said Property Shark’s Nancy Jorisch. One57 was funded by a subsidiary of an Abu Dhabi company linked to a $7 billion global money-laundering investigation, The Post revealed last year."