Home sellers are lowering their price and helping buyers to make a deal in a stagnant market
Not long ago, a homeowner in America might reasonably wager they could sell their home fairly quickly, and for more than their asking price. That's unlikely to be a winning bet now.
TL;DR
- Home sellers can no longer expect to sell their homes quickly.
- Receiving more than the asking price is now unlikely.
- The real estate market conditions have changed significantly.