Home sellers' concerns are accelerating into the summer based on an unsteady economy and rising interest rates and inflation.
More sellers than ever are dropping their asking prices as suddenly the single-family home market has shifted to favor the buyers, according to a new report from real estate brokerage Redfin.
Redfin Seattle-area real estate agent Caroline Loudenback said in prepared remarks, "Homebuyers are worried about interest rates, having to go back to the office, getting laid off, and wondering if they can get a better deal by waiting out the market."
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