Housing Market Sees Widespread Price-Cutting + More cuts to asking prices are another signal the recovery may be stalling, according to new data from Trulia.

[mEDITate-OR:

get that sucking feeling..., in ways and places that you don't want to feel it...

What we noticed almost immediately after the expiration of the Buyers Tax Credit application deadline was that what we expected to see prior to the deadline did happen - sellers cut prices to get THEIR property sold.

What also happened, that almost nobody predicted, was that AFTER the deadline, sellers cut prices even more, trying to get their homes sold.

Phoenix

Homes discounted: 33%

Average price cut: 13%

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Housing Market Sees Widespread Price-Cutting
Read more: http://www.time.com/time/business/article/0,8599,2003578,00.html?xid=rss-topstories#ixzz0tfklGCNt

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Housing Discounts On The Rise Again

More cuts to asking prices are another signal the recovery may be stalling, according to new data from Trulia

http://www.forbes.com/2010/07/13/real-estate-home-prices-trulia-personal-finance-asking-price.html
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