A report from the Times Free Press in Tennessee. "Already, rising home prices and mortgage rates have cut into some home sales, keeping overall sales of single-family homes relatively stable despite the overall improving economy. In June, for instance, single-family home sales by Chattanooga Realtors were down 5 percent from a year earlier. Credit standards are higher than before the Great Recession so qualifying for a mortgage is more difficult than a generation ago for many young home buyers. In response, the Tennessee Valley Federal Credit Union (TVFCU) said it is offering a no downpayment mortgage for those with strong credit ratings and good income 'and we're really killing it with that product,' TVFCU President Todd Fortner said. 'This is our most popular mortgage product right now,' he said."

"Home prices in Chattanooga during the second quarter already rose twice the rate of inflation."

From ABC 7 News in California. "What was once the murder capital of the U.S. is now a town selling multi-million dollar homes - East Palo Alto. Forty-four percent of students in the Ravenswood School District are considered homeless. Schools Superintendent Gloria Hernandez-Goff said, 'Families that are split up with children in a friend's house and another child in a friend's house. Their parents are sleeping in cars.'"

"East Palo Alto has always been a working community. Most residents hold down two jobs to survive. Simply put, the socio-economic condition has not caught up with the rising home and rental prices."

From Northern Nevada Business View. "In July, sales of single family homes in Washoe County decreased 17 percent compared to July 2017. While this drop in unit sales may seem high, it can be attributed to the seasonal cycle we see annually, but also due to the fact that there's not enough supply of homes to buy. What we have seen is that year-to-date sales are lagging behind prior years. Does this mean we have reached the peak?"

"A correction in housing, like in any market sector. is normal, foreseeable and possible. In February 2018, we started to see a shift for the first time in 16 months that pending sales were not tracking closely with new listings coming on the market. You only need to drive around the Reno-Sparks area to see the number of new home projects coming online. When they are in full swing, I expect the resale market will adjust."

The Orlando Sentinel in Florida. "Prospective buyers of Metro Orlando homes who sat on the sidelines in June might have scored a bit of a bargain in July as prices dropped 1.3 percent during the month, according to Orlando Regional Realtor Association. The median sale price dropped for all home types to $235,000 – down $3,000 from a month earlier. It’s the second time in three months that prices dropped month-to-month, with a $4,000 drop recorded between April and May."

"Among numbers that have remained consistent from June to July: Pace of sales: Down 2 percent. Distressed sales: 3.6 percent of all sales. Supply of listed homes: 2.2 months. Pending sales: Down 9.9 percent for the second straight month."

The Dallas Observer in Texas. "Rent prices in Dallas are known to skew high. The August 2018 National Apartment List Rent Report shows Dallas has a median rent of $894 for a one-bedroom apartment. While that’s nowhere near as high as rents get in the suburbs, the near constant rise of new developments such as the 400-unit tower at 2000 Ross Ave. has done much to add high-priced square footage to the local apartment market."

"'I mean prices are just ridiculous,' says Kara Zielinski, a local realtor and agent for The Locators Real Estate Brokerage. 'If I was to pinpoint it to a neighborhood, I would say Uptown proper and then also the Arts District for sure, and those are like $2,500 [a month] easy. It’s crazy.'"

"Here are 10 of Dallas’ most expensive apartment complexes with vacancies to spare: One Uptown. It's our first Uptown entry to make the list but certainly not the last. At one point rent for a 571-square-foot entry-level unit ran for as high as $1,805. With the recent slump in rent price, $1,600 per month will get you in the building."

From Williamette Week in Oregon. "Renters who can afford an apartment in one of the new luxury towers sprouting up across Portland are now being offered cash incentives to move in. Take the Emery, a seven-story building along the South Waterfront. It has nine apartments available within the next two months, starting with a $1,356-a-month one-bedroom. There's air conditioning, a shared bike if you don't have one, a bike room if you do, a pet washing station, and a clubhouse for parties. And there's a bonus for some units: a $1,000 gift card from Amazon to encourage prospective renters to sign a lease."

"Not far away, at Sky3 in the West End, the owners as recently as last week were giving some tenants a $1,000 Visa check card and six weeks free rent to move in. (Studios there start at $1,328 a month.) That's just the start. As of last month, at least 33 high-end buildings in the central city and South Waterfront have more than 700 apartments sitting vacant or available for rent within the next two months, according to numbers WW found via publicly available listings and on a private management company spreadsheet."

"So landlords in those buildings are advertising concessions: free rent for as long as eight weeks, along with other perks like gift cards, free parking and a yearlong free membership at a nearby health club. Even Burnside 26—the building that captured Portland's imagination in 2015 as a symbol of invading yuppies driving out artists—is now offering six weeks free rent."

"The deals represent a 180-degree change for a Portland housing market that's seen relentlessly rising rents and vacancy rates lower than 3 percent. New construction has sent a flood of new luxury apartments onto the market—by December, it'll be 12,000 units over two years—and they're arriving at a faster clip than landlords can fill them."

"'It's a sign that the market is weakening,' says Portland economist Joe Cortright. 'The last thing that apartment owners want to discount is the rent on a building. One-time offers—gift cards, free parking, waived deposits or other fees—it's an indication they're scrambling to fill apartments. It tends to predict that rents should ease further.'"

"The glut of new buildings is having a larger effect. After years of rent hikes, last month brought news that the average rent in Portland had fallen. From June 2016 through June 2017, average rent for one-bedroom apartments dropped 3 percent, according to ApartmentList. Data from real estate company CBRE show rents fell 3.1 percent during the last quarter of 2017 alone. That's the largest drop in a single quarter since the early 2000s."

"'The market works, but with a lag,' writes Cortright. "After lagging well behind demand in the early post-recession years, housing supply has finally caught up, with the predictable effect that rents have flattened out and now clearly started to decline.'"