More Homes, More Price Cuts – but Buyers Still Aren't Biting as Mortgage Rates Climb

Home Sellers Deepen Price Cuts in September as Mortgage Rates Climb

Elevated mortgage rates and rising inventory are forcing more sellers to lower their asking price, Realtor.com said.

More homes, more price cuts – but buyers still aren't biting as mortgage rates climb

Home prices face pressure as price cuts hit a record for September, with 20.8% of listings seeing reductions amid elevated mortgage rates and growing inventory.

Sellers Slash Prices at Historic Pace To Lure Buyers Sidelined by Mortgage Rates

Driven by mortgage rates topping 7% and rising inventory, a near-record 20.8% of home listings saw price cuts in September.http://dlvr.it/TVjMtk

One in Five Sellers Cut Prices as Buyer Demand Retreats

Price cuts reached 20.8% of U.S. listings in September as inventory rose 5.4% and the stock of homes under contract fell 4.1%.