✉news BusinessReal Estate first seen 5 d ago, last 4 d ago, peak #4
One in three home sellers cut prices in September in one US city
Original: This city saw 1 in 3 home sellers slash their asking price in September to attract reluctant buyers
Roughly a third of home sellers in one city reduced their asking price in September, according to a MarketWatch report, a sign sellers are conceding to hesitant buyers. The story highlights how high mortgage rates and affordability concerns are pushing more listings to see price cuts, even in markets where prices had held firm earlier in the year.
Why now: Buyers and sellers are watching for signs of cooling in the housing market as high mortgage rates weigh on demand.
Evidence
- This city saw 1 in 3 home sellers slash their asking price in September to attract reluctant buyers · MarketWatch
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