As rising mortgage rates push buyers to the brink, sellers are starting to cut prices

Econ & Housing

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. According to the brokerage, 6.5% of U.S. homes for sale posted a price cut during the four weeks ending September 24, up from 5.8% the…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Products You May Like

Articles You May Like

Updated technical analysis and commentary of lumber futures and the overall market….Where are we heading into year end?
Lumber Futures – November 28, 2023
Unraveling the Complex Tapestry of Inflation Dynamics: Post-Covid Changes
Custom Home Building Share Improves in 2022 | Eye On Housing
Declines for AD&C Lending | Eye On Housing