Price Cuts Hoping to Lure Buyers

More D-FW Homes are Getting a Price Cut to Lure Buyers

There's a new sign in the North Texas housing market — "Reduced Price."

Almost 19 percent of the homes listed for sale in Dallas-Fort Worth cut price at least once, according to a new report from Zillow. That's up from about a 14 percent reduced price rate in D-FW a year ago.

With home sales slowing and housing prices growing at a much slower rate than in recent years, sellers are sometimes overreaching with their asking prices, real estate agents say. And houses that sit on the market for too long often get a price reboot.....

Read the Full Article Here