Price reductions: New and improved!

Price reductions: New and improved! If you are selling a home, would a "price improvement" be: A) A reduction in the amount you are paid for your home or B) An increase in the amount you are paid for your home? If you are buying a home, a "price improvement" would likely mean the opposite, correct? As the real estate market has slowed in some areas, some real estate professionals have adopted "price improvement" as the phrase of choice to describe a decline in listing price. This term seems to be used synonymously with "reduced to sell," "price reduction," or "priced to sell," though it has rubbed some folks the wrong way. The author of the DC Housing Bubble Blues blog, for one, had referred to the phrase as "silly." Any thoughts on this practice? -Glenn Roberts Jr., Inman News

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