1. California homeowners slashing asking prices at post-recession high – Orange County Register

    California homeowners slashing asking prices at post-recession high – Orange County Register

    Forget what’s fashionable in floor plans, decor or color palettes. This year’s hot housing flavor is something every house hunter can agree upon: a price discount.

    It seems the stagnant pace of homebuying in recent months — amid shaky economic news and geopolitical uncertainty — has made property owners painfully aware they’re overvaluing their homes. Thus, a faddish marketing tool has been employed and the price adjustment is back in style.

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