A report from the New York Times. "Prices for ultraluxury condos in New York have been declining since peaking in 2016, according to StreetEasy. The site found a mismatch between decisions by developers to keep building bigger, better condos and the number of people willing to buy them, causing a glut at the high end. 'What we have in any market cycle when the talk turns to amenities are signs that sales are slowing,' said Jonathan J. Miller, president of Miller Samuel."

"'During the housing bubble, one of the big amenities was the pet spa,' Mr. Miller said. 'That branding gives you the impression of dogs and cats lounging in chairs by the pool with a drink and an umbrella. All it was was a slop sink in a closet.'"

The Daily Times Chronicle in Massachusetts. "City Council President Michael Anderson voiced continued apprehension about encouraging the construction of dense housing complexes along Commerce Way and other areas of the community. He remains concerned about the area becoming oversaturated with apartment units."

"'The MAPC has a slant towards housing. They're always looking for more residential units to take the burden off Boston, but there's only so much housing that we can take,' said Anderson, who believes that the creation of too much housing will eventually create a strain on city resources."

The Oregonian. "The construction glut has left high-end buildings in particular with apartments to fill, and many have offered discounts or freebies to lure tenants, pushing effective rents down even as the sticker price remains high. There are still hundreds of apartments under construction across the metro area, with more planned."

The Times Free Press in Tennessee. "One of the biggest apartment complexes in Chattanooga's central city is getting a bigger property tax bill after it converted half of its rental units into Stay Alfred Vacation Rentals. 'We don't give PILOTs [payment in-lieu-of-tax breaks] to hotels,' said Donna Williams, administrator for Chattanooga's Office of Economic and Community Development."

"As Chattanooga has added housing units faster than employment has grown in the past decade, Market City Center has struggled to find both residential and commercial tenants. Most of the 36,183-square-foot facility remains vacant."

From Patch Livingston in New Jersey. "This home on Fawn Drive in Livingston was selling for $2.6 million... now it's been reduced to $1.69 million. Features: HUGE PRICE REDUCTION!"

From Forbes on California. "After five years on the market, the just-closed sale of a 7,625-square-foot home in the Del Mar region of San Diego goes to Jenny Craig, founder of the eponymous weight loss company. The home was first put up for sale in 2014 for $39.5 million and came down in price several times, most recently to $27 million in March of this year. The sale closed this week for $22 million. Despite its 44% price reduction the home still comes in near the top of the highest-priced home sales for Del Mar and all of San Diego County."

From NBC Bay Area in California. "According to CoreLogic, Bay Area home sales have seen a steady decline over the last year. CoreLogic reported that sales fell 2.2% from July of last year while the median home price dropped by 4.1% to $815,500 in the nine-county region. The report also noted that total home sales in the Bay Area for July of 2019 were the lowest since the same month in 2011."

"The counties that experienced the largest decreases in median sale price were Napa, Marin, Contra Costa and San Mateo counties. Napa’s median home sale price was down 4.6%, from $669,600 to $638,500. Marin’s sale price was down 3.6%, from $1.1 million to $1.06 million. Contra Costa County saw a decrease in median home sale price of 2.8% from last year, from $635,000 to $617,500. San Mateo dropped 2.8% as well, from $1.369 million to $1.33 million."

The San Francisco Chronicle in California. "Bay Area homes are getting slightly more affordable thanks to falling prices and lower mortgage rates. The median price paid for all new and existing homes and condos in the nine-county region fell to $815,000 in July, down 4.7% from June and down 4.1% from last July, according to CoreLogic."

"July was the third consecutive month prices fell on a year-over-year basis, starting with a 1.9% decline in May and a 2.2% dip in June, CoreLogic said. Last month’s drop was the biggest since December 2011, when the median price fell 10.5% year over year. 'Before this March, the median sale price had risen on a year-over-year basis for 83 consecutive months,' it said. The highest recorded median was $875,000 in June."

"Prices for resale condominiums took the biggest price hit in July, falling 10.9% year over year to $668,500. 'Lower mortgage rates and the slowing, if not elimination, of price growth in many areas makes a meaningful difference for some buyers,' CoreLogic analyst Andrew LePage said."

"Tiffany Schrader-Brown and her husband bought a two-bedroom, one-bath home in Berkeley about seven years ago. Three years ago, they rented it out and moved to Philadelphia. When they came back this year, they wanted a bigger home for their family. They wanted a fixer-upper, since they are more affordable and she designs homes for a living, but 'it seems like every one of them a developer has purchased. A lot have already been purchased and flipped,' Schrader-Brown said."

"But Schrader-Brown is optimistic. 'The market is changing now — I think it’s going to be more hospitable for me in the coming months, I hope. It seems that the smaller homes for people with one or two children seem to stay at a higher price point; the ones that are a little bigger seem to be declining.'"

From Metro on California. "Kaley Cuoco has slashed $1 million (£815,000) off the asking price for her house after failing to entice a buyer in three months. The actress put her Californian mansion up for sale after the season finale of the sitcom, originally asking for $6.9 million (£5.6m) for the 8,000 square foot home. However, Kaley has now taken $1 million off the price tag, now asking for a cool $5.95 million (£4.8m). The star bought the Mediterranean-style villa in Tarzana in 2014 for $5.5 million (£4.4m)."