Home sellers are cutting list prices as spring buying season starts ...

Mar 15, 2024 · More homeowners eager to sell their home are lowering their initial asking price in a bid to entice prospective buyers as the spring homebuying season gets going. ... Home sellers are cutting list prices as spring buying season starts with higher mortgage rates. FILE - In a …

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Home Sellers Cut List Prices Amid Higher Mortgage Rates As Spring ...

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Mar 15, 2024 · More homeowners eager to sell their home are lowering their initial asking price in a bid to entice prospective buyers as the spring homebuying season gets going. Some 14.6% …

cbsnews.com

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Home Sellers Are Cutting List Prices As Spring Buying Season Starts ...

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More homeowners eager to sell their home are lowering their initial asking price in a bid to entice prospective buyers as the spring homebuying season gets going. Some 14.6% of U.S. homes …

lee.net

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Home Sellers Cutting Prices As Spring Buying Season Starts

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Mar 19, 2024 · More homeowners eager to sell their home are lowering their initial asking price in a bid to entice prospective buyers as the spring homebuying season gets going. Some 14.6% …

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Will Homeowners Finally Sell In 2025? Here's What The Experts Say

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Jan 6, 2025 · Last year saw home prices surge at a 4% rate, up from 1.1% in 2023, despite the stubbornly high mortgage rate and a glut of inventory driven by unmotivated buyers and …

realtor.com

FAQs about Home sellers are cutting list prices as spring buying season starts ... Coupon?

Why are homeowners lowering their asking price?

More homeowners eager to sell their home are lowering their initial asking price in a bid to entice prospective buyers as the spring homebuying season gets going. Some 14.6% of U.S. homes listed for sale last month had their price lowered, according to Realtor.com. That’s up from 13.2% a year earlier, the first annual increase since May, 2023. ...

Are sellers cutting prices?

“Sellers are cutting prices, but it just means we’re seeing smaller price gains than we would otherwise have seen,” said Danielle Hale, chief economist at Realtor.com. The pickup in the share of home listings with price cuts is a sign the housing market is shifting back toward a more balanced dynamic between buyers and sellers. ...

Are home sellers Playing Hardball with listing price cuts?

While listing price cuts remained steady year over year at around 13%, data shows that home sellers were more likely to play hardball with the price compared with November, when 16.7% of listing prices were slashed. *Based on an Aug. 2023 proprietary survey among real estate professionals. ...

What percentage of homes have been lowered in January?

That’s up from 13.2% a year earlier, the first annual increase since May. In January, the percentage of homes on the market with price reductions was 14.7%. The share of home listings that have had their price lowered is running slightly higher than the monthly average on data going back to January 2017. ...

What happened to home sales in November?

Inventory also plunged 8.6% from November—the largest decrease since January 2023. The glacial pace of home sales came down to higher mortgage rates, which rose to 6.85% for the week ending Dec. 26, according to Freddie Mac. This has kept potential buyers firmly on the sidelines as they bided their time through the fall and early winter months. ...

How many days did home buyers spend on the market in December?

Homes spent 70 days on the market in December, which is nine more days than last year. Like homebuyers, sellers also took a breather last month, with just 0.9% more homes newly listed on the market compared with last year, and down 2% from November. ...