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These states had the biggest share of sellers dropping home prices

Freddie Mac state California state These county Monterey county Park state Idaho Boise, state Idaho 2020 reports Citi
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CENTENNIAL, CO. - (Photo by Steve Nehf / The Denver Post) A significant number of sellers around the U.S. are cutting prices as high mortgage rates and fears of a potential recession keep many prospective buyers at bay.

A recent report by Redfin indicated over 25% of home sellers in three-quarters of metros tracked by the brokerage nationwide dropped their asking prices in June.

In some areas, more than 60% of sellers dropped their prices which, according to the report, has "become a common feature of the cooling housing market, particularly in places that were popular with homebuyers earlier in the pandemic." A "For Sale by Owner" sign is posted in front of property in Monterey Park, California on April 29, 2020. (Photo by FREDERIC J.

BROWN/AFP via Getty Images) Thirty-year mortgage rates are much higher than they were earlier in the year, which "has really eaten into homebuyer budgets," Redfin Chief Economist Daryl Fairweather told FOX Business.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
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India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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