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SELLERS SLASH LIST PRICES ASBUYERS FACE RECORD HIGH HOME COSTS via themortgagepoint.com—Home sales dipped 1.7% month-over-month in May on a seasonally adjusted basis, and 2.9% year-over-year, according to a recent Redfin study. There have only been two months in the … Read More

HOME SELLERS FORCED TO GET FLEXIBLE WITH ASKING PRICES via themortgagepoint.com—According to a new report from Redfin, nationwide, 6.4% of home sellers cut their asking prices during May, the highest share since November 2022. By the numbers, the median asking … Read More

PENDING HOME SALES FALL TO FOUR-YEAR LOW via themortgagepoint.com—The latest analysis of housing data by the National Association of Realtors (NAR) found that pending home sales fell 7.7% in April, with all four U.S. regions reporting month-over-month and year-over-year declines. … Read More