A report from the Wall Street Journal on New York. "Kushner, the company once led by President Donald Trump’s son-in-law Jared Kushner, is dramatically lowering the price of the last remaining apartment at its Puck Penthouses condo project in New York. The company plans to relist the sprawling duplex that tops the building for $42.5 million, down from its original asking price of $66 million when it first listed in 2015."

"Karen Zabarsky, a spokeswoman for Kushner, called the price cut 'a response to the market,' which has been soft in New York in recent months amid an oversupply of luxury product."

From QNS on New York. "Compared to Manhattan and Brooklyn, which each saw an 18.4 percent increase and 21.9 percent increase, respectively, Queens saw the most significant jump in sales inventory with a 26.5 percent increase year-over-year."

"'With a strong economy and home-shopping season right around the corner, plenty of New Yorkers are well-positioned to buy this spring. However, many are willing to walk away from deals that just aren’t financially attractive and continue renting instead — creating a market poised to punish sellers who don’t price their homes sensibly,' said StreetEasy Senior Economist Grant Long. 'When the inevitable wave of new inventory hits the market this spring, interested buyers should expect to see an uptick in price cuts as the market forces ambitious sellers to accept reality.'"

The Daily Mail on Florida. "Liverpool owner John W Henry has slashed a whopping $10million (£7.6m) off of the asking price of his Florida mansion as he looks to sell the luxury seven bedroom property. The Anfield chief has now set an asking price of $15m, which Henry initially had put up for sale for a price of $25M."

"The estate agent tasked with selling the property, Senada Adzem, said: 'We looked at everything that's currently pending, available and what the competition is. We decided that we want to be priced very competitively because there is a relatively high supply of trophy properties on the South Florida market now.' The property, based in the Le Lac neighbourhood in Boca Raton and has seven bedrooms and 14.5 bathrooms across 27,832 square feet."

From Florida Weekly. "The year is off to a good start for homebuyers. Visitors looking to purchase a home in the Naples area during January were pleasantly surprised with their options as inventory levels increased 7 percent to 8,154 homes for sale in January 2019 from 7,605 homes for sale in January 2018."

"According to Cindy Carroll of Carroll & Carroll Appraisers & Consultants LLC, new home construction is tempering price increases in many areas of the resale market. 'More builders are using the MLS and reaching out to brokers and Realtors with purchase incentives, which will make it necessary for homeowners to price their homes more competitively.'"

"'Fee heavy condominiums are hurting,' said Adam Vellano of BEX Realty – Florida. Even though inventory rose 6 percent in the under $300,000 condominium market in January, closed sales for this product in January dropped 25 percent."

"The Naples area has seen its resale market inventory climb over the last few months. As such, there was 8.4 months of inventory in January 2019, typically indicating a buyer’s market, up from 6.3 months of inventory in January 2018."

The Tampa Bay Times in Florida. "Apartment dwellers in downtown Tampa and Hyde Park pay the highest average rents of any in the Tampa Bay area, a new report shows. That might not be true much longer. Rents in downtown Tampa have dropped 4 percent in the last three months."

"'All of a sudden you're looking at an oversupply of units,' said Bruce McClenny, president of ApartmentData. 'It will definitely be a desirable place to live, it's just the timing of all these units coming on got a little ahead of the demand. The nice part about it for renters is there are some deals to be had in very nice brand new units.'"