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Sellers are bowing to reality and cutting their asking prices in these big markets. eakkarat rangram / Shutterstock.com
If you are a home seller, it is both the best and worst of times. Properties in desirable areas that are “near-turnkey” still sell fast, often above listing price, according to new research from Realtor.com. But everyone else is learning a hard lesson: Their home probably is not worth as much as they thought it was just a year ago. For some home sellers, that tough reality is setting in.
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