Mike Simonsen on home price cuts and what the trend means for the spring housing market
HousingWire Daily
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Unusual Trends in Housing Market Price Reductions
This chapter explores the unexpected increase in price cuts in the housing market, highlighting that typically 30% of homes reduce prices, but the current trend deviates with more homes marking down. The discussion reveals that sellers are struggling to attract offers, resulting in this unusual rise in price reductions during a cooler market period.
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