Buyers Shift More Firmly Into Driver's Seat During January
For the second month in a row, homebuyers across much of the country negotiated bigger discounts off the last listing price of homes than they had the prior month.
Buyers in the United States paid a final sale price of 2.8%, or $5,823, less than the last listing price during January, up from a median discount of 2.7% in December and 2.6% in November. December marked the first time in 11 months that buyers gained back negotiating power; for much of 2009, buyer discounts shrank as real estate markets across the country improved.
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