Colorado, Utah, Idaho metros had the biggest share of sellers dropping home prices in June

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Perspective buyers are less willing to bid over asking price jll americas markets john or even entertain homes that are overpriced due to high mortgage rates and fears of a potential recession.

Home sellers in Boise had the biggest drop in asking prices, down more than 60%. Denver and Salt Lake City were next as fears of inflation and recession rise.

 

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Colorado needed to drop home prices. A friend said to me his house had made $10K/month every month he’d owned it. That’s just wrong.

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