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US sellers cut their home’s list price to attract buyers

Persistently high mortgage rates are having a bigger impact on buyers than on sellers as the home shopping season approaches, the latest data from Zillow shows. Though competition varies greatly by region, most buyers in the market today have a good chance of seeing a price cut on their saved listing. “Homeowners are finally coming back to the market as the effects of rate lock ease over time, but buyers are still struggling with high monthly costs,” said Skylar Olsen, Zillow chief economist. “Sellers are in a good position, and are willing to make price cuts to close a deal.…

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