- Sellers are being forced to drop home prices because of continued high mortgage rates and more days of sitting on the market. Realtor.com’s chief economist predicts this could “signal further price softening” during the spring homebuying season. Realtors and real estate experts across the U.S. have witnessed home price drops in their respective markets.
Spring homebuying season is officially here, and there’s some good news for those on the market to purchase a house. Sellers cut prices throughout last month as homes sat on the market for longer and mortgage rates remained stubbornly high.
