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A ‘softening’ market might enable you to rating a cheaper price on a house

Home prices may have hit a new high, but the real estate market is showing signs of weakness that could help buyers negotiate a lower price on a house.

For the four weeks ending June 30, homes sold for 0.3% below asking price, according to a recent report by online real estate brokerage Redfin. June 2024 was the first time homes have sold below asking price since 2020, the report says.

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