Phoenix Tops U.S. Cities for Home Price Cuts

Homeowners eager to sell this spring are slashing prices to entice buyers who might otherwise be reluctant to jump into the market amid growing affordability concerns and economic uncertainty. Sun Belt metros are leading the charge when it comes to price cuts .

Of the 10 housing markets boasting the highest share of marked-down homes for sale, nine are scattered around the balmy region spanning the Southwest to Southeast, according to the latest data from Realtor.com® economists.

The common denominator among all 10 cities is that each has seen its inventory skyrocket from a year ago, with increases ranging from just under 28% in Palm Bay, FL , to a staggering 65% in Denver …

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