Desperate Home Sellers - Search Videos

Some sellers are getting extremely desperate in the U.S. housing market. We’re seeing homes sit on the market for nearly a year, followed by 25% to 30% price cuts. Take this house behind me here in Memphis, Tennessee. It was originally listed at $475,000, now it’s down to $340,000. That’s roughly $110 per square foot for a 3,000-square-foot, five-bedroom, four-bath, historic home. On price alone, this actually looks like a very strong deal. But here’s the issue, inventory in Memphis is high. Eve

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