A report from the Santa Cruz Sentinel in California. "On some blocks in Old Palo Alto, $9 million doesn’t even buy a roof. Take the nice vacant lot with the for sale sign on Bryant Street near Coleridge Avenue. But will the mansions with eight-figure price tags be even too rich for Bay Area titans to snap up? Luxury home sales in the Bay Area have been soft since the market peaked about 12 months ago."

"The 94301 zip code covering Old Palo Alto and surroundings regularly makes the top ten list of most expensive communities in the country. Since January 2018, at least 26 homes have sold for more than $4 million in the neighborhood, according to MLS Listings. In the last decade, the median sale price has ranged from $1.9 million in 2010 to a peak of $5.4 million in 2017, and is $3.9 million this year."

From the New York Post. "An Upper East Side abode owned by Topper Mortimer — 'Real Housewives of New York City' socialite Tinsley Mortimer’s ex-husband — is now on the market for almost half its original asking price. The classic six at 66 E. 79th St. is now asking $1.4 million — down from its $2.7 million ask last year. That’s a discount of more than 48 percent. (In January, we reported the price dropped to $2.2 million.)"

"Mortimer bought the two-bedroom, three-bathroom co-op for $1.39 million in 2006."

From The Real Deal on Florida. "April sales of Naples-area houses and condos increased 12.8 percent from last year as the median sale price dropped 5.6 percent, the Naples Area Board of Realtors reported. The median sale price during the month declined to $340,000 from $360,000 last year."

"The Naples Area Board of Realtors also reported that the combined number of houses and condos listed for sale during April fell 11.1 percent to 6,435 from 7,239 in the same month last year. Listings for nearly 1,000 properties – many of them houses – expired or were terminated during April."

The Houston Chronicle in Texas. "Noted as one of the finest River Oaks homes built by revered Houston architect Birdsall P. Briscoe, the property at 3229 Groveland just saw a Texas-sized price cut. Situated on more than an acre of land, the stunning five-bedroom, 7,098-square foot estate was originally listed at $14.8 million in 2017. It's now listed at $12.9 million."

The Associated Press. "Developers and former managers of Asian-themed Lucky Dragon casino-hotel that was built, open for a year, closed and recently sold in Las Vegas are now facing investor lawsuits. Some plaintiffs are Chinese investors seeking refunds amid complaints they haven’t gained conditional immigration admission to the United States through the federal EB-5 immigration program, the Las Vegas Review-Journal reported."

"'Losing your money is awful,' Southern California immigration lawyer BernieWolfsdorf told the newspaper, 'on the other hand, if you don’t get a green card, that’s double punishment.'"