Price Reduction Death Spiral
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A report from KIRO in Washington. "Inventory is up, prices are down but buyers are backing out of the Seattle housing market. The Emerald City just scored the top spot on Redfin’s list of fast-cooling real estate markets in the…
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A report from Market Watch. "Lumber prices have dropped by more than 60% so far this year, but don’t count on a recovery soon. 'Home builders have faced an enormous uptick in cancellations over the past several months due to…
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A report from Market Watch. "The tide has turned, and buyers are now backing out of deals in the Sun Belt. Once pandemic boomtowns, 15.2% of homes in cities in the Sun Belt that went under contract in August fell…
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A report from the Spokesman Review in Washington. "Homebuyers in Spokane County may have an easier time finding a property in a real estate market is beginning to swing in their favor. Many area homes are undergoing price reductions. Some…
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A report from NBC News. "'It’s gonna be tough, layoffs are a common occurrence right now. We’ve had a frenzy and it’s come to a screeching halt,' said Linda McCoy, who runs a mortgage business in Mobile, Alabama. 'It’s going…