✉news BusinessReal Estate first seen 13 h ago, last 10 h ago, peak #24
Price cuts now hit 1 in 5 home listings
Original: Price cuts hit 1 in 5 listings: Pitch buydowns to buyers
Roughly one in five home listings is now seeing a price cut, according to National Mortgage News, as sellers adjust to a slower housing market. The report advises mortgage and real estate professionals to pitch rate buydowns to buyers instead of relying on price reductions, since financing incentives can lower monthly payments more effectively than cutting the sale price.
Why now: Sellers and agents are looking for alternatives to price cuts as high mortgage rates cool the housing market.
National Mortgage NewsUS housing market
Evidence
- Price cuts hit 1 in 5 listings: Pitch buydowns to buyers · National Mortgage News
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