Record Numbers of US Homeowners Slashed Sales Prices in July, Says Redfin
A record number of home sellers dropped their asking price in July, as the U.S. housing market began ...
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A record number of home sellers dropped their asking price in July, as the U.S. housing market began ...
Some American cities saw as much as 70 percent of home sellers dropping their asking prices in July as the housing market continues to cool and buyers back out of the market. According to data [...]
Ian Shepherdson, chief economist at Pantheon Macroeconomics, said that the outlook for housing sales is even more grim than the Fed has said, and the 'worst is yet to come' for home prices.
Here are the top 10 U.S. cities that had the highest share of sellers who dropped their asking prices in July as more buyers backed out of the market.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero