A report from the Sun Sentinel in Florida. "More South Florida home sellers are cutting their asking prices — another sign that the housing fireworks of the past have faded and buyers are starting to push back. Douglas Rill, of Century 21 America's Choice in West Palm Beach, recalled a meeting he had this year with the seller of a two-bedroom condo at CityPlace. The $630,000 listing with another agent had expired, and she wanted Rill to start marketing the home for sale. Rill said he told her it wasn't worth anything close to what she was asking and persuaded her to lower the price to $599,000."

"Two more price reductions brought the listing down to $560,000 before she received an offer of $499,000, Rill said. She eventually closed the deal at $509,000. 'I don't think the market is falling, but sellers are getting ahead of themselves a little bit,' Rill said."

"Annual price increases of more than 20 percent were common in 2013 and 2014, when the market was recovering from the six-year bust. However, sales and price gains have slowed since then. In September, single-family home sales across the tricounty region dropped compared with a year ago, Realtor board data show. Annual price increases ranged from 10 to 12 percent in the three counties."

"Sam Reng listed his four-bedroom Miramar home in May for $384,900. Showings increased with each of his three price cuts, and he finally found a buyer at $340,000. The deal closed in September. 'It was really frustrating,' said Reng, 29. 'I felt [$384,900] was a fair price, and I wasn't looking to price-gouge anybody. But my kitchen was outdated. If I had a brand-new kitchen and kept it at the original price, I'm sure there would have been a lot more interest.'"

"Kevin Spina, a Keyes agent in Palm Beach Gardens, said a home in North Palm Beach recently came on the market for more than $800,000, based on two sales nearby. But the home was overpriced because it had the original roof and floors and no pool, he said. After the seller had knocked roughly $200,000 off the price, Spina's client pounced, winning a bidding war at $605,000. Spina and other agents say sellers who ask too much for their homes run the risk that the listings will sit on the market and become stale."

"'If you're not getting offers, it's because of price,' Spina said."

From New Jersey Advanced Media. "The owners of these luxury estates in New Jersey may enjoy their private chipping greens, full basketball courts, saltwater pools, wine-tasting grottos, and his and her, well, everythings. But they are missing one crucial thing: A buyer. Despite top-of-the-line finishes, every imaginable amenity and, for the most part, privacy and space, these 11 homes have lingered on the luxury housing market for years, despite price cuts of at least 25 percent (and in some cases much more)."

"Though the top two homes on the list haven't changed — Alpine's Stone Mansion, believed to the be the priciest home ever on the market in New Jersey, is number one — there are five new entries in this year's list. They include, at number 3, a 24-room Saddle River mansion that was initially listed for $19 million and now can be had for $12.9 million (it wasn't on the market when we developed last year's ranking), and at number 5, the Saddle River home of singer Mary J. Blige, who chopped $1 million from her asking price in September. (Got $9.9 million?)"

"So what happened to the five homes that fell off last year's list? Hidden Acres, a 15,000-square-foot home on 5.5 acres in Rumson that was number 10, is still on the market, its price trimmed further to $5.5 million. The 26-acre Pickle Brook Farm in Far Halls, with its lodge-style main house with views over Ravine Lake, was listed for $14.5 million in 2010 and is now down to $3.9 million. Only one sold: A 10,000-square-foot bayfront home in Avalon that had also been marketed at a vacation rental. It came on the market in 2010 for $11.9 million, dropped to $7.99 million and sold for $6.8 million in September."

The Real Deal on New York. "Commander-in-chop? One of the biggest price cuts in the over $10-million residential market last week was at 1 Central Park West, or Trump International Hotel and Tower, which is managed by Donald Trump’s company, the Trump Organization. Apartment 47BC was reduced from $40 million to $34.5 million last week, a markdown of 14 percent."

"It certainly wasn’t the only luxury pad to be slashed last week. Data provided to The Real Deal by StreetEasy for the period Oct. 31 through Nov. 4 show several high-end properties have been reduced by millions of dollars, as sellers adjust to waning demand for luxury properties. This six-bedroom, five-bathroom townhouse in Lenox Hill was first listed in May for $28.5 million. But last week, $4 million was shaved off the asking price."

"This apartment at Trump International Hotel and Tower spans 6,300 square feet. It first entered the market for $40 million in May, but was reduced by 14 percent last week. The Howard Margolis Group at Douglas Elliman has the listing. 'The sellers wanted to test the market at the higher price,' Howard Margolis told The Real Deal. 'They’ve now asked us to adjust the price of the apartment to make it more competitive.'"