Owners cut prices on 25% of the U.S. homes listed for sale in July, hoping to spur interest in a...

|By:, SA News Editor

Owners cut prices on 25% of the U.S. homes listed for sale in July, hoping to spur interest in a sluggish market. But "if buyers are unqualified to buy, it doesn't matter how low interest rates are or how discounted a home is," and the housing market is likely to bounce around the bottom for months.