New lows in U.S. home price cut levels, says Trulia

13 Jan 2010

Trulia.com just announced that as of January 1, 2010, 21 percent of U.S. homes on the market have had their prices cut at least once, a number that represents a slow-down in price cutting for the second straight month. Price cuts came to $21.2 billion, a drop from the December $24.7 billion figure. Price reductions still average 11 percent off the original listing prices. For the second month i



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Sharon Hill

Sharon Hill has been a senior writer / analyst with the AIM Group since 2004, except for a two-year time-out to serve as sales and marketing manager for Suburban Newspapers of America. She worked at newspapers in California, the Carolinas and Indiana as a classified advertising sales supervisor and manager, and in newspaper circulation in Alaska. At the SNA, she was responsible for bringing in new members; lining up exhibitors, and helping develop programs for the classified conference and the classified alliance. She is also co-author of “Implementing and Managing Telework: A Guide for those who make it Happen” (Praeger Press) and a prolific blogger and social media user. She is based in Phoenix.