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Home prices are being slashed in these 10 cities as real-estate market cools

By Third PartyJuly 28, 2022

Source: Marketwatch —

The U.S. housing sector is finally cooling off. For those looking to buy, there are homes in several parts of the country that are on sale right now, according to new data.

Sellers slashed home prices in June in areas that saw red-hot price appreciation earlier in the pandemic, including Reno, Nev., Austin, Texas, and Boise, Idaho, according to Realtor.com. With more homebuyers pulling back amid higher mortgage rates and recession fears, sellers are reacting to the decline in demand.