WSJ's buyer leverage claim clashes with sellers refusing price cuts
How are higher interest rates helping buyers? The Seattle sellers in the article can't find a buyer for their three-bed (initially listed at $900,000; now at $780,000), so their plan is to rent the property out at a loss instead of lowering the price further.
Clipped from The Wall Street Journal
The housing market is “leaning a little bit more towards a buyer market right now,” said Kathryn McNeill, an agent in North Carolina. That is making some sellers hesitant to put their homes on the market, she said.
How 7.4% Mortgages Are Giving Buyers Leverage in a Stuck Housing Market
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