A report from the Wall Street Journal on New York. "Luxury condos at the Waldorf Astoria hotel are expected to go on sale in the fall, as the historic property’s Chinese owner advances its redevelopment plans despite a market glut and political tensions with the U.S. Beijing-based Anbang Insurance Group Co. bought the Waldorf for $1.95 billion in 2015, a record price for a U.S. hotel. In 2017, it shut down the property to renovate and convert hundreds of the more than 1,400 guest rooms into private residences."

"Chinese officials took control of Anbang in 2018 after saying they suspected illegal activity by the insurer. Now, Anbang has hired Douglas Elliman Real Estate to sell 375 apartments at the Waldorf, according to the firm."

"The Waldorf condos will hit the market as the supply of new luxury apartments is expected to be at a peak. 'There is over building, and there is too much supply,' said Donna Olshan, head of Olshan Realty Inc., a New York brokerage firm that tracks luxury real- estate sales."

"At the same time, demand for luxury condos has been falling. Wealthy Chinese buyers have pulled back under pressure from the Chinese government to keep capital in the country. Other international buyers have retreated during periods of uncertain politics at home. Owners have had to discount prices to sell their luxury condos."

From Realtor.com on California. "It looks as if the owners of Barry Manilow's former beach house are ready to take a chance again. The sumptuously renovated beachfront contemporary in Malibu has been relisted for $10,995,000, a $5,755,000 discount off its previous asking price."

"In 2016, after a complete remodel, the 4,320-square-foot home was listed for $16,750,000. The current owners paid $5,450,000 for it in 2012, and poured time and money into the place to elevate it to its current pristine condition."

"'The market in Malibu has definitely changed in the last 24 months. Although there have been a handful of record-breaking sales, the general market has cooled slightly,' says David Solomon, who is co-listing the home. 'Our seller took a big jump to really try and get in front of it at this competitive price point.'"

From Fauquier Now in Virginia. "A 128-acre horse farm near The Plains sold last week for $7.35 million. The property went on the market in March 2016 at $11.75 million, according to Realtor.com. The asking price dropped to $8.9 million last November."

From Richmond Biz in Virginia. "Five years after it first hit the market, a residential listing that long held the title of the priciest in metro Richmond appears to have finally landed a buyer. The 60-acre estate overlooking the James River in Goochland County most recently was priced at $3 million, the latest reduction from its original price tag of $7.9 million in 2014."

"Joyner agent Richard Bower had the listing originally, pricing it at $7.9 million in October 2014 before reducing it several times through the years. The asking price was $4.9 million when the Masseys switched to The Steele Group, which relisted it with the same price tag before ultimately reducing it to $3 million last month."

"Bo Steele said River Run Manor was close to a deal earlier on, and for a higher price. While he said more than price goes into getting a deal done, he said the contract offer came down to finding a good fit between a receptive buyer and a motivated seller. 'Part of it is price, but I think it was also just getting the right scenario together for the house, because we had some interest early on, and at higher numbers, and yet just could not get the contract done,' he said."

From Rapp News in Virginia. "The 2019 First Quarter Report on the Rappahannock Housing Market is out, at least as seen through the opaque lens of the regional Multiple Listing System (MLS). The Greater Piedmont Region (GPR) of Rappahannock, Fauquier, Madison and Culpeper continued to show signs of softening demand in the first quarter. Sales activity region-wide declined for the fourth time in a row compared to last year. It’s not Washington folks, it’s Little Washington."

"The MLS recorded a staggering 18 home sales (I actually counted 19, but who’s counting) in Rappahannock County in the 1st quarter of 2019. The county has had more sales than the prior year in only two out of the last seven quarters, indicating a downward trend in activity."

"At $384,000, the first quarter median sales price in the county is up $82,000 from a year ago, a whopping 27 percent gain. Rappahannock County had the highest median sales price in the GPR footprint during the 1st quarter. However, with only 18 sales as a statistical body, one large farm can skew the median, so don’t get too excited and call the mortgage broker to refinance."

"In Rappahannock no two homes are alike, nor any two views, streams, meadows or mountains. It’s the reason we love it, protect it, and hold it close to our hearts. It’s why there are fewer sales and why people want to remain once they truly and fully discover it. Thankfully, we are still a bit too far for commuters, but we welcome farmers!"