 One trend to watch, Simonson says, is whether housing inventory continues to rise or whether it has now plateaued. Well, if you're selling your home this summer and you've had to cut your price, you're in very good company. A number of wealthy celebrities have had to lower their expectations, too. For example, according to Realtor.com, casino magnate Steve Wynn has had to drop the price on his Beverly Hills mansion almost in half.