The 10 U.S. Cities Where Sellers Are Slashing Home Prices the Most—and the Least
Article By Evan Wyloge, Realtor.com
At the height of the frenzied COVID-19 pandemic-era housing boom, price reductions were the furthest thing from most sellers’ minds. After all, why slash asking prices when overeager homebuyers were queuing up for practically any good home that hit the market—sometimes regardless of price, condition, or even general cleanliness?
Those days are fast fading. Today’s homebuyers don’t have as much cash to spend; they’re grappling with rising rents, punishing inflation, and increasing mortgage interest rates. Those higher rates can tack on hundreds of dollars each month to the typical mortgage payment, pricing many buyers out of the market entirely and forcing others to reduce their homebuying budgets drastically. Read More