Is there a change brewing in the market?

Market Trends

Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report:

 - There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros
 - About 14% of all listings had a price cut in June
 - Since the beginning of the year, the share of listings with a price cut increased 1.2%
 - This is the greatest January-to-June increase ever reported, and more than double the January-to-June increase last year.  Read more...