Concern is rippling through the housing market as sellers slash prices at notable rates to attract buyers amid softening demand. In February 2026, about one in five homes across nine major metro areas saw a price reduction, according to a new analysis by the Realtor.com. Pandemic-era hotspots have been hit particularly hard, with all four leading markets for price reductions being former Covid 'boomtowns'. Each of these metros saw at least one in five listings marked down, with Phoenix taking the lead 28.2 percent of homes there carried a price cut. Other markets with steep markdowns included Tampa, San Antonio,...