General World News

Fewer homes will take a price cut in spring 2024

Will the number of homes that take a price cut this year drop below 2023 levels? Yes! If the current trends continue into the strong seasonal pricing period, we will see fewer homes that are discounted before selling. I believe this was the most overlooked housing story of the last year because even as mortgage rates rose all the way to 8%, the home price cut percentage data was always about 4% lower year over year.

Traditionally, one third of all homes get a price cut before they sell and when demand gets weaker, this percentage increases, which we details ⇒

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