A report from the Herald Tribune in Florida. "The 'West of the Trail' neighborhood has been the golden child of Sarasota’s residential real estate market for decades. But there is a change happening, says real estate appraiser Don Saba, who lives in the neighborhood. 'We are starting to see more inventory and homes sitting awhile,' he said."

"There is no shortage of houses for sale, with prices ranging from $250 to $600 per square foot for off-the-water properties — and a noticeable number of them are being advertised as 'price reduced.' That’s a sure sign of buyers not smelling what the unrealistic sellers are cooking. Plenty are priced from $1 million and up."

The New York Post. "Real estate hotshot Ivan Kaufman, CEO and president of Arbor Realty Trust, is in contract to buy Three Ponds Farm in Bridgehampton for around $35 million — more than half off of its $75 million asking price from 2003. (It most recently asked $49 million.)"

From Celebrity Net Worth on New York. "It's spread across 42 acres in the Hamptons, it's been on the market for almost two years without a sale, and now according to its most recent listing on Bespoke Real Estate it's now $30 million cheaper. It's called Jule Pond, and it's now got an asking price of $145 million."

From Realtor.com on California. "Actress Kirstie Alley hasn't been able to say cheers to her home, so she's chopped $1.2 million off the price tag. After paying $2,998,000 in 2000 for the 8,622-square-foot home in Los Feliz, CA, Alley listed it last November for $11,970,000. But now that it's been languishing on the market for nearly seven months, she's dropped the price to $10,750,000."

The Los Angeles Times in California. "One of the biggest, most expensive homes in all of L.A. County just got another massive price cut. The Manor, which listed last year for $175 million, is back up for grabs at $160 million in the ritzy Westside neighborhood of Holmby Hills. That’s down 20% from its original price tag of $200 million."

From City Journal in Illinois. "Every homeowner leaving Illinois puts a house on the market without buying another one locally. That’s one reason the Chicago marketplace is struggling. The average price of a single-family home in Chicago is lower than it was before prices began plunging back in 2009."

"One consequence of the lagging recovery is that Chicago has more homes with underwater mortgages than any other major market. As many as 135,000 of these homeowners may risk default when the next recession hits and prices plummet again."

"Homeowners are feeling the pinch in other ways, too; local papers are filled with stories of people regretting their investment in a house. Last year, Crain’s Chicago Business told the story of a Chicago-area executive who lost more than half a million on the sale of his home when he retired to move elsewhere. If he had invested the money in the stock market instead, he said, 'I’d probably have $6 million now.'"