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Seattle leads U.S. in concessions for home buyers as housing demand slows

The article from Yahoo News discusses how Seattle is leading the U.S. in making concessions to home sellers due to a cooling housing market. In August, 35% of home sales in Seattle included concessions to buyers, such as money for repairs or closing costs, marking a significant increase from the previous year. This trend is attributed to a slowdown in the housing market, with fewer buyers and more inventory, leading sellers to offer incentives to attract buyers. The situation in Seattle reflects a broader national trend, though the city's rate of concessions is higher than the national average of 26%. This shift indicates a buyer's market, where buyers have more negotiating power, and it highlights the challenges sellers face in a changing real estate landscape.

Read the Full KIRO Article at:
[ https://www.yahoo.com/news/seattle-leads-u-concessions-home-160457911.html ]