A report from the Los Angeles Times in California. "It’s been on again, off again, on again and now it’s sold. Grammy-winning music star Marc Anthony and his wife have parted ways with a second home they own in Tarzana. The closing price was $3.2 million. The East Coast-inspired Traditional, built in 2014, has been on and off the market for the better part of two years, listing for as much as $4.35 million and as little as $3.35 million. Anthony bought the place in 2015 for $4.125 million, records show."

The La Jolla Light in California. "Razor House listed for $30 million. One of the most stunning (and stunningly expensive) houses in La Jolla is back on the market. The Razor House at 9826 La Jolla Farms Road. Sitting on three-quarters of an acre above Black’s Beach, the clifftop valhalla has six bedrooms and bathrooms in 11,954 square feet of living space and was featured in commercials for Calvin Klein and Visa. Believe it or not, the asking price is less than its 2007 construction cost ($34 million) and 2008 asking price ($39 million), but considerably more than it last sold for in 2011 ($14 million)."

From KRON 4 in California. "By most measures, the local residential real estate market is still going strong. But there are signs that the market is cooling down some, at least for now. You may have noticed a few more 'for sale' signs in your neighborhood of late, suggesting that inventories are up. Homes are still selling but there are also signs some of those homes are selling for a little less right now, says Climb Real Estate's David Contreras."

"'There is talk of it cooling off a little bit, but what we're seeing is more of a market correction,' Contreras said."

"In San Jose, for example, Zillow reports prices were dropped on 9.5 percent of listings in June, up from 7.2 percent one year ago. 'What's happening is we're seeing prices not going up $100,000 or $200,000 over the asking price,' Contreras said. 'Things are getting a little more tamer.' Don't expect home prices to fall too far, Contreras said."

The Idaho Business Review. "Jack Harty, principal of Harty Mortgage Advisors in Boise, has a mixed message for clients who approach him about building revenue-generating properties. Harty sees signs that the economy has reached a peak, and he advises clients they may be better off selling some of their existing properties at existing high prices rather than risking construction of too many more properties. 'There are pressures at work that over time, if unabated, will tend to reduce the value of income-producing properties,' Harty said. 'Right now we’re on the crest of a wave. When will the wave break?'"

“His message of caution is shared by several others involved in Idaho real estate loans, who believe it’s time for borrowers to factor in the possibility that a market correction may be on the horizon when they plan their projects. Jeff Newgard, CEO of Idaho Falls-based Bank of Idaho, said he’s heard a lot of talk lately about a market correction. '(Before the Great Recession) there was so much money to be made for a bank on development lending, and when things fell apart, everything came down like a house of cards,' Newgard said. 'Just because (the economy) has been going this way for a few years doesn’t mean it will continue the same way.'"