Posted by & filed under Consumer/Buyer Behavior, Pricing, Supply Chain.

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

Link: https://www.cnbc.com/2022/09/02/more-home-sellers-drop-their-asking-price-as-the-housing-market-cools.html

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?