Real Estate

These are the 10 cities seeing the most price cuts for homes


Daniel Acker | Bloomberg | Getty Images

More home sellers are dropping their asking prices as rising mortgage interest rates and inflation have eased competition in the housing market.

Some cities are seeing more price cuts than others. Boise, Idaho, took the lead in June, with 61.5% of sellers cutting their asking prices, according to a new report from Redfin, a real estate brokerage.

Boise was one of the hotter pandemic markets, as the work-from-anywhere culture prompted thousands of people to flee pricier markets like San Francisco and Los Angeles. A year ago, just about a quarter of sellers in Boise had dropped their prices.

Top 10 markets seeing cuts in asking prices:

  • Boise, Idaho:…


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