Boise had the most sellers drop their asking prices. Denver and Salt Lake City were next as fears of inflation and recession rise.
Consumer prices soared 9.1% compared with a year earlier, the government said, the biggest yearly increase since 1981, and up from an 8.6% jump in May. On a monthly basis, prices rose 1.3% from May to June, another substantial increase, after prices had jumped 1% from April to May.and fears of a potential recession keep many prospective buyers at bay.
A recent report by Redfin indicated over 25% of home sellers in three-quarters of metros tracked by the brokerage nationwide dropped their asking prices in June. In some areas, more than 60% of sellers dropped their prices which, according to the report, has "become a common feature of the cooling housing market, particularly in places that were popular with homebuyers earlier in the pandemic." Thirty-year mortgage rates are much higher than they were earlier in the year, which "has really eaten into homebuyer budgets," Redfin Chief Economist Daryl Fairweather told FOX Business.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Denver wrong-way crash kills 2, injures 3Police in Denver are investigating a wrong-way crash that left two people dead and injured three others overnight.
Weiterlesen »
Red Hot Chili Peppers Unveil New Album During Soggy Denver Tour Opener: Concert ReviewA rain-pelted Saturday evening in a Denver stadium may not be the ideal setting for the Red Hot Chili Peppers to announce their new album — “Return of the Dream Canteen,” the group’s second full-le…
Weiterlesen »
Ten Things to Do for Free in Denver (and Beyond) This WeekCelebrate the city! Ten things to do for free in Denver this week.
Weiterlesen »
24-story downtown Denver office building, largely vacant, hitting auction blockA 24-story office building in downtown Denver, currently two-thirds vacant, is set to be auctioned off next month.
Weiterlesen »
The Best Concerts in Denver This WeekThe music never stops!
Weiterlesen »