For the first time in five months, the percentage of home sellers who cut their asking price...

|By:, SA News Editor

For the first time in five months, the percentage of home sellers who cut their asking price fell in August, to 28.8% of homes, Zillow reports. Price reductions had peaked last September at 32.6% of listings. Areas with the biggest proportion of price cuts: Tucson, Ariz., and Portland, Ore.