Description: Home sellers are getting nervous, as the once-hot housing market cools fast. One in 5 sellers in August dropped their asking price, according to Realtor.com. A year ago that share was just 11%.
Source: CNBC.com – video report
Date: Sep 02, 2022
Questions for discussion:
- What does the report say about how house prices have changed as a response to interest rate movements?
- Why would rents change?
- What do you think these changes will mean for businesses connected to housing?