Tag

Price Reductions

All articles tagged with #price reductions

real-estate1 year ago•3 min saved

"Record Price Cuts and Delistings as Housing Market Faces Buyer Revolt"

The US housing market is seeing an increase in listings, but higher mortgage rates and elevated prices are deterring buyers, leading to a stagnation in sales. Sellers are cutting asking prices as inventory grows stale, and the market is experiencing a slowdown, particularly in previously booming areas like the Sun Belt. Despite some regional variations, the overall market remains sluggish with little relief from high borrowing costs.

via Fortune|

#home-sales #inventory #mortgage-rates

real-estate-market1 year ago•3 min saved

Home Price Reductions Hit 18-Month Peak Amid Rate Hikes

Home sellers are reducing asking prices at the highest rate in 18 months due to high mortgage rates, with 6.4% of listings seeing price cuts. Despite this, the median home sale price hit a record high of $390,613, reflecting a 4.3% year-over-year increase. The market is showing signs of cooling, with homes staying on the market longer and a decline in pending home sales and mortgage-purchase applications. Buyers are advised to consider less trendy neighborhoods and homes that may need minor updates to avoid competition.

via Yahoo Finance|

#home-prices #housing-market #mortgage-rates

real-estate1 year ago•4 min saved

"March Home Sales Plummet Amid Rising Mortgage Rates and Surging Listings"

Existing home sales in March saw a modest increase but remained down year-over-year, with the market shrinking by about 20% due to homeowners with low mortgage rates refraining from buying or selling. Active listings surged to the highest level since before the pandemic, while new listings also rose, contributing to the growth in active listings. Price reductions of existing homes hit the highest level for any March since 2017, indicating sellers are adjusting to market realities. Mortgage rates have returned to historically normal levels, and the national median sold price in March saw a smaller-than-usual increase.

via WOLF STREET|

#active-listings #home-sales #housing-market

real-estate2 years ago•2 min saved

"US Housing Market Shows Promise as Mortgage Rates Rise: Expert Analysis and Forecast"

The US housing market is showing signs of improvement for homebuyers as inventory grows and more sellers lower their asking prices. Home construction has increased supply, causing inventory to rise during a season that typically sees declines. Additionally, more homes on the market are taking price cuts, indicating a shift towards a more balanced market. However, high mortgage rates and rising prices continue to impact affordability. Sellers may need to be open to further price reductions as expectations of a Federal Reserve interest rate hike could lead to higher mortgage rates.

via Markets Insider|

#homebuyers #inventory-growth #mortgage-rates

automotive2 years ago•2 min saved

"The Surprising Surge in Electric Car Demand: A 'Field of Dreams' Moment"

The electric vehicle market is experiencing a surge in demand due to significant price reductions and increased availability. Tesla's decision to slash prices in January sparked a price war among manufacturers, with Ford and General Motors also making their electric models more affordable. The cost reductions for raw materials like lithium, nickel, and cobalt have allowed savings to be passed on to consumers. Despite the positive signs, supply still exceeds demand, but the increased availability and lower prices are attracting more consumers to the electric vehicle market.

via Yahoo News|

#automotive #electric-vehicles #ford

business2 years ago•3 min saved

Giant Eagle Implements Price Reductions and Weekly Circulars to Win Back Customers.

Giant Eagle, a grocery store chain, plans to reduce prices on about 800 items at its grocery and GetGo stores by about 20% between Thursday and August 9. The company also plans to bring back its printed weekly circular due to high demand. Interim CEO Bill Artman said his focus is to think like customers and invest in stores to improve the shopping experience, whether in-store or online. Artman began his career as a bagger in 1985 and was named interim CEO in March, replacing Laura Shapira Karet.

via TribLIVE|

#business #customer-feedback #giant-eagle