Cities that saw soaring home prices during the pandemic are now falling back to earth, as sellers are forced to shed their 'unrealistic expectations' about the prices they can ask.A study published by real estate brokerage on Monday found that a high share of home sellers dropped their asking price in July, particularly in former pandemic boomtowns.Boise, , which was a top destination for West Coast remote workers during the pandemic, saw 70 percent of listings slashed in July, up from just a third a year ago.
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