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UPDATE: As of this morning, 43.4% of all US homes for sale are now undergoing price cuts. This is the highest read all year, up an additional 70 basis points from this time last week. Two tiers continue to emerge at the top of price cutting behavior. Tier 1 (highlighted in white) - Danger zone: Oregon: 52.3% (+96 basis points week on week) Colorado: 52.1% (+1.2% week on week) Tier 2 (highlighted in blue) - Elevated on watch zone: North Carolina: 49.1% (+82 basis points week on week) Indiana: 48.9% (+62 basis points week on week) South Carolina: 48.4% (+20 basis points week on week) Texas: 48.2% (+62 basis points week on week) Utah: 47.8% (+20 basis points week on week) Arizona: 47% (flat week on week) Notably, the rate of acceleration in the tier 1 danger zone states of Oregon and Colorado is outpacing tier 2.
jasonlewris ↗