✉news BusinessReal Estate first seen 18 h ago, last 1 h ago, peak #4

Sellers Cut Home Prices at Record Pace Amid High Mortgage Rates

Original: Sellers Slash Prices at Historic Pace To Lure Buyers Sidelined by Mortgage Rates

Home sellers across the United States are cutting asking prices at an unusually rapid rate, according to reporting by Realtor.com picked up by Yahoo Finance. The price reductions come as elevated mortgage rates keep many would-be buyers out of the market, leaving sellers competing for a smaller pool of shoppers and giving those still active more negotiating power.

Why now: High mortgage rates are sidelining buyers, forcing widespread price cuts that signal a notable shift in the housing market.

Realtor.comYahoo FinanceUS housing market

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Evidence

• Sellers Slash Prices at Historic Pace To Lure Buyers Sidelined by Mortgage Rates · realtor.com
• Sellers Slash Prices at Historic Pace To Lure Buyers Sidelined by Mortgage Rates · Yahoo Finance

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