Houston home sellers cut prices



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Trying to get a better read on the local housing market? Take a look at how many sellers and landlords are cutting prices for one indication of how this area is struggling.

About 15 percent of for-sale listings were marked down in the last year, compared with 12 percent the year earlier, a new report from Trulia shows. Dallas and Fort Worth also had a higher share of listings that had been cut.

Among the residential leasing market, 17 percent of Houston rentals saw price cuts over the past year, compared with 8.5 percent the previous year.

We've been reporting for a while on how Houston's apartment landlords have been upping their perks and offering free-rent deals amid stiff competition for renters.

And while the overall single-family housing market has remained relatively resilient, the biggest mark does appear to be in the high end of the market.