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A shortage of buyers has left sellers having to lower prices — how to use this new leverage to lock in a better deal
Yahoo Finance·2025-09-30 10:15

Retired business owner Doug McCormick, 80, recently listed his four-bed, 4.5-bath home near Denver for 1.3million.Aftertwomonths,threeopenhouses,andapricedroptoabout1.3 million. After two months, three open houses, and a price drop to about 1.28 million, he still hasn’t received a single offer. "I keep reminding myself you only need one buyer,” he told the Associated Press. [1] Now, he’s just waiting for that one buyer to show up. McCormick’s situation is increasingly common as home sellers across the country cut prices or offer incentives to attract buyers. For ...