Monday, December 12, 2005

Sellers chop asking prices as housing market slows - The Boston Globe

Are you investing in the right real estate markets? Hint: Not this one. -Patrick



Cuts of up to 20% are now common as analysts see signs of a 'hard landing'
By Kimberly Blanton, Globe Staff | December 9, 2005

Boston-area homeowners trying to sell their houses are sharply reducing asking prices -- in some cases, by $100,000 or more -- in response to the sudden slowdown in the real estate market.

Sellers chop asking prices as housing market slows - The Boston Globe