Price Reductions, Savings and the Weekend Poll
The folks at Trulia are out today with a survey of their listings, showing that 30 percent of Washington-area listings have had at least one price reduction. That's more than the national average of about 24 percent. The average price cut around here is 10 percent off the original list price, about the same as it is nationally.
Weekend Reading: In Saturday's Real Estate section I'm reporting on a question I often hear in the Real Estate Live chat -- How much cash should buyers pull out of savings to boost their down payment or to pay off other debt? Share your thoughts on that by voting in the Weekend Poll, or in the comments.
Also in Saturday's paper, Dan Rafter reports on an idea that never occurred to me: Traveling from doorstep to waterfront...by escalator.
Not least, I present you the latest installment in The Weekend Poll. If there's something you would like to see in our extremely unscientific but fun little plebiscite, please suggest it in the comments, or shoot me an email at firstname.lastname@example.org. Have a great weekend!
June 5, 2009; 6:00 AM ET
Categories: Buying , Selling , Weekend Poll
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