A record number of home sellers dropped their asking price in July, as the U.S. housing market began to tank rapidly, according to new data from Redfin.
July saw the biggest annual decline in U.S. home sales in more than a year.
A for sale sign is posted in front of a property in Monterey Park, Calif. on Aug. 16, 2022. Frederic J. Brown/AFP via Getty Images
Bryan Jung
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Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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