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Price Reductions Drop
21% of U.S. homes as of January 1, 2010 have experienced at least one price reduction off the original asking price during the last 12 months.
The number of major US cities with 30% price reductions was cut by half in January. Cities experiencing the largest decreases in percentage of listings with price reductions compared to the previous month include:
- Los Angeles, CA – 46% decrease in price reductions
- New York, NY – 36% decrease in price reductions
- Memphis, TN – 34% decrease in price reductions
- Minneapolis, MN – 33% decrease in price reductions
- Honolulu, HI – 33% decrease in price reductions
Historically low interest rates combined with the homebuyer’s tax credit incentive won’t last forever – read more in Trulia’s January Price Reduction Report.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Real Estate Price Reductions Drop – Take Advantage of the Buyer’s Market Today is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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