?Housing tipping back to a buyer's market as sellers cut prices
Approximately 14 percent of all listings in June had undergone a price cut, that's up from a recent low of 11.7 percent at the end of 2016, according to a new report from Zillow.
Home price growth is slowing in nearly half of the 35 largest U.S. metropolitan markets.
In San Diego, 20 percent of all listings had a price cut in June, up from 12 percent a year ago. In Seattle, which continues to be the hottest market in the nation, 12 percent of all listings had a cut, the largest share in nearly four years.
In Austin, Texas, also a very strong housing market thanks to a recent influx of technology jobs, more homes are seeing price cuts as well.?
https://www.google.com/amp/s/www.cn...to-a-buyers-market-as-sellers-cut-prices.html
Approximately 14 percent of all listings in June had undergone a price cut, that's up from a recent low of 11.7 percent at the end of 2016, according to a new report from Zillow.
Home price growth is slowing in nearly half of the 35 largest U.S. metropolitan markets.
In San Diego, 20 percent of all listings had a price cut in June, up from 12 percent a year ago. In Seattle, which continues to be the hottest market in the nation, 12 percent of all listings had a cut, the largest share in nearly four years.
In Austin, Texas, also a very strong housing market thanks to a recent influx of technology jobs, more homes are seeing price cuts as well.?
https://www.google.com/amp/s/www.cn...to-a-buyers-market-as-sellers-cut-prices.html