Only 55 of the 100 biggest U.S. housing markets where properties described as a "bargain" are actually listed for a lower price. In general, homebuyers in faster-appreciating and expensive markets can expect smaller discounts on bargain properties. This is due to the fact that in tighter markets, sellers do not need to offer as many concessions - price or otherwise - when demand outstrips supply.
However, in cooler markets with slower home price appreciation, the opposite is true. Buyers in such markets can be much pickier with the characteristics of their properties, so sellers are much more likely to offer discounts, accommodations, and concessions to prospective homebuyers.
>>>>> Scroll down to view and make comments <<<<<<
Econintersect wants your comments,
data and opinion on the articles posted. As the internet is a
"war zone" of trolls, hackers and spammers - Econintersect must balance its
defences against ease of commenting. We have joined with Livefyre
to manage our comment streams.
To comment, using Livefyre just click the "Sign In" button at the top-left corner of
the comment box below. You can create a commenting account using your
favorite social network such as Twitter, Facebook, Google+, LinkedIn or
Open ID - or open a Livefyre account using your email address.
You can also comment using Facebook directly using he comment block below.
Print this page or create a PDF file of this page
The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.
Take a look at what is going on inside of Econintersect.com