Investors See Homes For Sale with Asking Price Reductions

Recent report is that 21% of U.S. homes have experienced at least one price reduction off the original asking price during the last 12 months (as of January 1, 2010).

Cities experiencing the largest decreases in percentage of listings with price reductions compared to 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

Drivers for this are historically low interest rates and homebuyer’s tax credit incentive, which ends April 30, 2010.

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Harrison K. Long, Explore Group, Coldwell Banker Previews, Irvine, CA.  Irvine Realtor.  CA DRE #01410855.  ExploreProperties@gmail.com.  

                 

 

see Trexglobal.com article, January 13, 2010 -  Take Advantage of the Buyers Market Today - click here.

 

 

 

Posted via email from Explore OC Homes