Housing market off to slow start in January

New data from Realtor.com indicates that the housing market is off to a slow start, as 15% of U.S. listings experienced a price cut in January. Realtor.com Chief Economist Danielle Hale said that although the market is slowing, “it’s important to remember that we’re coming off of four straight years of inventory declines that pushed the market to a record low availability of homes for sale.”