NEW YORK, Oct 6 (Reuters) - One of the largest U.S. real estate brokerages on Monday said it is asking its sellers to cut listing prices by as much as 10 percent to kick-start U.S. home sales in a market plagued by a two-year price slump and near-record unsold supply.
Coldwell Banker Real Estate said some 25,000 sellers listing homes with its brokers will cut prices during its first national, 10-day sales event starting on Friday ...
Coldwell sets 10-day price cuts to spur home sales
Whether it works or not it's a bold attention getting move.
At the very least it'll get people looking a lot more closely at Coldwell Bankers listings and at Coldwell Banker. Couldn't hurt.
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