A report from Downtown Bellevue in Washington. "Mira Flats, the condominium building that was previously apartments, are beginning sales in fall 2018. Located on 103rd Avenue Northeast, residents can easily enjoy dining, shopping, and entertainment in downtown Bellevue. Mira Flats has studio, one-, two- and three-bedroom residences available, ranging in size from about 400 to 1,200 square feet. Prices start in the $500,000s and go above $1 million for the larger homes, according to a press release for the seller. The new website for Mira Flats mentions a starting price even lower at $400,000s."

From KIRO in Washington. "For 21 months in a row Seattle led as the nation’s hottest housing market in the monthly Case-Shiller home price index. Of late, however, prices dropped as housing availability increased and sales slowed down, reports Mike Rosenberg at the Seattle Times. 'The last few months prices have dropped from their spring highs. The number of homes for sale has shot back up to 2014 levels, and the number of people buying homes has fallen back down,' Rosenberg said."

From 6sqft in New York. "Owning a piece of New York City history just got a little cheaper. The oldest home in Brooklyn Heights, located at 24 Middagh Street, has hit the market again, this time asking $4.5 million, a price drop of over $2 million from when it was listed last year."

From Crain's Chicago Business. in Illinois. "A key measure of demand, absorption—or the change in the number of occupied apartments—totaled 2,995 units in downtown Chicago in the first half of the year. But Integra forecasts that developers will complete just 3,000 apartments downtown this year, down from a record 4,348 in 2017, when absorption totaled 3,385 units. It could be the first year since 2014 that demand exceeds supply."

"But they will flip back over the next two years, raising the specter of a glut once again. Integra forecasts that developers will complete a record 4,500 apartments downtown in 2019 and another 4,700 in 2020. The supply surge could challenge landlords, especially if the economy loses its momentum or even heads into a recession."

"Competition could become especially fierce in the South Loop and West Loop. Developers will complete more than 2,600 apartments in the South Loop between now and the end of next year, including NEMA Chicago, an 800-unit tower at the southwest corner of Grant Park being built by Miami developer Crescent Heights. The West Loop will gain more than 1,400 apartments by the end of 2020, including a 492-unit tower at Madison and Halsted streets being developed by Chicago developers Fifield and F&F Realty."

"'It’s kind of the calm before the storm,' said Ron DeVries, senior managing director in Integra’s Chicago office. 'Probably the biggest challenge will be down in the South Loop.'"