FILE - In a Feb. 16, 2012 photo, an existing home is seen for sale in Shaker Heights, Ohio. 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. (AP Photo/Amy Sancetta, file)
March 17, 2024
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Home sellers are cutting list prices as spring buying season starts with higher mortgage rates
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.