Recently we posted about the record number of delistings. Now, a recent report form Realtor.com says that in several U.S. metros, as many as half of the homes on the market have cut their listing prices. Their data shows that sellers are slashing prices largely in the areas that had been hottest over the couple of years. Indeed…
“The unifying thread among these states,” says George Ratiu, senior economist and manager of economic research for Realtor.com, “is they have all seen a significant influx of buyers of the last 2.5 years.”
Click here to read the full story at Realtor.com.
