Is It Time to Cut Your Price?

With the summer home-buying season fast ending, panic is setting in among sellers in slowing markets nationwide forced to consider price cuts to unload their properties.
The U.S. inventory of unsold homes hit a record 566,000 units in June. In some of last year’s hottest regional markets, inventories are five times higher than a year ago.
"Buyers are taking a wait-and-see attitude," says Blanche Evans, editor of Realty Times, a trade