Affordability challenges mean some sellers are reducing asking prices, but demand for homes continues to outpace supply.
During his latest CNBC appearance, Redfin CEO Glenn Kelman said rising mortgage rates, softening home price growth and changing buyer attitudes are all signs of an impending shift.
A pair of Carribean islands once owned by late financier and convicted sex offender Jeffrey Epstein that initially asked $125 million as a pair are now asking $55 million each.
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