✉news BusinessReal Estate first seen 16 h ago, last 8 h ago, peak #4
One in Five Home Sellers Are Cutting Prices
Original: One in Five Home Sellers Are Cutting Prices. Why Official Data Isn’t Showing the Housing Weakness Yet.
Roughly one in five home sellers in the US is cutting their asking price, according to Barron's, signaling weakening conditions in the housing market. The report argues official data sources have not yet reflected this softness, as price cuts tend to show up in closed-sale statistics only with a lag. Commentators are weighing what this divergence means for buyers and sellers heading into the rest of the year.
Why now: Rising price cuts suggest the housing market is softening faster than official statistics indicate, raising concerns about where home prices are headed.
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Evidence
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