REVEALED: The top US city that's slashing home prices by THOUSANDS

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REVEALED: The top US city that's slashing home prices by THOUSANDS

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Future homeowners looking to live in the western part of the U.S. should put Phoenix, Arizona at the top of their list. While the city stays hot thanks to desert heat, house prices are finally cooling, with 25 percent of property listings in the city seeing price reductions. The shift signals a more favorable market for buyers as prices begin to fall after years of rapid growth. The news will be welcome to cash-strapped first time buyers and others priced out by higher mortgage costs.
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