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Home Sellers Are Slashing Prices in Pandemic Boomtowns

Redfin found that 70% of homes for sale in Boise, Idaho, had their price cut in July, the highest share of 97 metros.

Bloomberg business news
Housing Taking a Big Step Back, Realtor.com's Hale Says

Home sellers in pandemic boomtowns are slashing prices as they adapt their expectations to a rapidly cooling market.

Take Boise, Idaho, where 70% of houses for sale dropped their asking price in July, more than double the 30% that cut prices a year earlier. It’s also the highest share of price drops out of 97 US metro areas analyzed by online brokerage Redfin