A report from the Oregonian. "Wise homebuyers look for discounts on properties they value. What causes a sale price to cascade? An anxious seller or an asking price that's too high and no one's biting. In this week's real estate gallery, we look at 15 Portland homes that have undergone a price cut or two. $160,000 less in Portland’s downtown Koin Tower: 1414 S.W. 3rd Ave. #2603, which was once listed at $1,150,000, is now for sale at $990,000."

"$121,000 less in Portland’s Hayhurst neighborhood: 5400 SW Shattuck Road, which was once listed at $770,000, is now for sale at $649,000. $100,000 less in Portland’s Goose Hollow neighborhood: 1535 S.W. Upper Hall St., which was once listed at $500,000, is now for sale at $400,000."

"$50,050 less in Portland’s Centennial neighborhood: 1030 S.E. 148th Ave., which was once listed at $350,000, is now for sale at $299,950. 'Bring your best offer, Seller is very motivated and ready to go,' says listing agent Peter Anyanwu of Premiere Property Group."

The Real Deal on California. "A wave of expensive properties hit the market this week, adding to the glut of luxury residences on the market. There was also one notable price cut for a property in Beverly Hills that’s been languishing for as long as its former owners have been divorced."

"Rockstars and former couple Gwen Stefani and Gavin Rossdale chopped the ask on their 15,000-square-foot home from $35 million to $24 million, a 31 percent drop. Jordana Woodland, founder of lingerie brand Naked Princess, broke an L.A. County record this week. The actress sold her penthouse duplex for $13.3 million. While that reflects a sharp drop from the original $20 million ask, it still marks the most expensive condo sold so far this year."

The Real Deal on New York. "Jule Pond, a 42-acre estate in Southampton with both ocean and pond frontage that hit the market at a whopping $175 million in August 2017, has trimmed $30 million from its ask price. 'We think the price cut is irrelevant to the state of the market and don’t think it reflects anything about pricing,' co-listing broker Cody Vichinsky of Water Mill-based Bespoke Real Estate told The Real Deal."

From Crain's Chicago Business in Illinois. "The slump in Chicago-area home sales continued in May, the 10th month in a row when the city and the metro area were down from the same time a year earlier, according to Illinois Realtors. The string of declines is the longest in more than seven years."

"'While consumer sentiment has become more broadly positive nationally, Illinois consumers appear to be responding a little more conservatively,' Geoffrey J.D. Hewings, said in a statement from Illinois Realtors. 'Housing sales continue to grow more slowly compared to prior years’ experience at this time of the year.'"

The Pittsburgh Post Gazette in Pennsylvania. "Call it a character flaw, but I love reading stories about rich people having trouble selling their mansions. A story in The Wall Street Journal popped up on my news feed the other day: 'A Growing Problem in Real Estate: Too Many Too Big Houses.'"

"The gist is that Baby Boomers who bought five- and six-bedroom homes across the Sun Belt are now discovering that younger generations don’t want to spend that much to own a home in the middle of nowhere. This perfect storm has boomers slashing the prices of their homes."

"I also shouldn’t be smug. Truth is, I live in a too-big house myself. I know I’ve written at least once that, like more and more Pittsburghers, I couldn’t afford to buy a home in my own neighborhood anymore. Were I starting out today, I’d have to look in some other backwater most people have written off. But from my catbird seat, it’s downright startling to see this new Pittsburgh growing before my eyes."

"The booms in Lawrenceville and East Liberty, the hotels popping up everywhere, the high-end development along the riverfront in the Strip District — all that is old news by now. But it still has me gaping every time I drive past a construction crane. And now some crazy numbers have hit my neighborhood, too."

"What’s it all mean? We don’t know yet. Pittsburgh dodged the bursting of the housing bubble a decade ago because we were never part of the real estate boom. Now the real estate trend is our friend (if you own) but not necessarily so if you’re looking."