Home sellers cut list prices as spring buying season

More homeowners eager to sell their homes are lowering their initial asking price in a bid to entice prospective buyers as the spring homebuying season gets going. According to Realtor.com, some 14.6% of U.S. homes listed for sale last month had their price lowered. That’s up from 13.2% a year earlier. The share of home listings that have had their price lowered is running slightly higher than the monthly average on data going back to January 2017.