Buyers looking to purchase a home without overstretching their budget have their best chance of finding a relative bargain in markets where sellers are repeatedly slashing their asking prices.
Realtor.com® researchers identified 10 major metros—primarily concentrated in the well-supplied South and West—where listings most frequently undergo at least three price reductions.
Austin, TX, topped the list, with 22.2% of listings that were active on Realtor.com in January undergoing at least three price cuts since the properties first went up on the market…