A report from the World Property Journal on Nevada. "According to the Greater Las Vegas Association of Realtors, after climbing steadily since 2012, local Las Vegas home prices have been hovering this summer through August 2018, are maintaining the same home prices as they were back in May 2018. 'Our housing market has been cooling off a bit this summer. I wouldn't say we've shifted from a seller's market to one favoring buyers, but we're starting to see the scales tilt more in that direction,' said GLVAR President Chris Bishop. 'Home prices and sales are starting to soften around the country. Most experts, including NAR Chief Economist Lawrence Yun, have been predicting slower appreciation and more inventory heading into 2019.'"

"Bishop said the housing supply increased in August. By the end of August, GLVAR reported 5,818 single-family homes listed for sale without any sort of offer. That's up from July and up 12.8 percent from one year ago. For condos and townhomes, the 1,184 properties listed without offers in August represented a 73.4 percent increase from one year ago. The total number of existing local homes, condos and townhomes sold during August was 3,881. Compared to one year ago, August sales were down 6.4 percent for homes."

The Associated Press. "A slowdown in U.S. home sales is weighing on homebuilder stocks. Most of the builders are down more than 15 percent this year. Builder shares were already having a rough year as investors worried that rising mortgage rates could dampen sales. Those jitters appear to have been well-founded. A recent batch of weak housing data suggest the housing market is losing momentum. 'The slowdown in activity is really related to prices,' said BTIG homebuilding analyst Carl Reichardt."

"Sales of new U.S. homes slumped 1.7 percent in July, the second straight monthly decline. Sales of previously occupied homes have fallen four months in a row. Builders have been aggressively raising prices for several quarters amid increased costs for lumber, steel and other building materials. The industry has also been grappling with escalating cost for labor and land. The average sales price of a new home climbed 5.8 percent in July from a year earlier to $394,300."

"'The consumer is resisting that to some degree,' Reichardt said."