Home buyers cashing in on big price cuts: Zillow

Home buyers cashing in on big price cuts: Zillow

'Tis the season for discounts, and home buyers across the U.S. are cashing in on record-level price reductions.

Homebuyers score record discounts as sellers slash prices nationwide

A new report finds that homebuyers are receiving some of the steepest price discounts on record as sellers adjust their expectations.Zillow found that the typical listing in the U.S. had $25,000 in cumulative price cuts in October, which matched the largest discounts the company has ever recorded. The typical size of an individual price cut is little changed from recent years at around $10,000 – but the report noted that sellers are adjusting th…

Financial News Network - Homebuyers score record discounts as sellers slash prices nationwide

Housing market sees major price cuts in expensive cities like San Jose and Los Angeles, while affordable markets maintain steady demand and stability, a new report found.Read More …