Time.com is reporting another incredible bit of housing news yesterday. Bad news for home sellers, but good news certainly for prospective home buyers with patience:
“In a sign that the housing market has taken another turn for the worse, a new report shows almost a quarter of all home listings in the U.S. had at least one price reduction in June.
The price cutting is widespread too. The report, released Wednesday by residential real estate tracking firm Trulia, shows 21 of the country’s 50 largest markets cut prices on at least 30% of their listings, up from 10 markets in May.”
When home buying in this market, research and patience can payoff big time. Also consider enlisting the help of a seasoned exclusive buyer agent who owes their full loyalty to you such as HomeBuyerPower® with your search.
The full article –
http://www.time.com/time/business/article/0,8599,2003578,00.html
