A significant number of sellers — particularly in pandemic hot spots —in July as more buyers backed out of the market, according to a new report.
Boise had the highest shared of price drops in 97 markets analyzed by Redfin in July. However, it was far from the only market that saw numerous homeowners slash their asking price.
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Cooling housing market: Idaho, Colorado, Utah sellers drop prices in JulySellers across every major U.S. metro have dropped their asking prices in July as more buyers backed out of the market in part because of high mortgage rates.
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