The day after Thanksgiving is universally known as the day to get started on holiday shopping and score big savings on the hottest gifts for friends and family.
But what about finding deals on a new home? It turns out, shoppers can get those, too. Zillow's second annual analysis on bargain home shopping is here, revealing the cities offering the biggest home discounts and the most price cuts.
Zillow looked at two metrics for the analysis: the actual home discount as a percentage of the original listing price, and the percentage of listings with a recent price cut, as of September 2015.
And now - drum roll, please - for the winners:
Detroit comes in at number one, for the second year in a row, as the city to get the biggest home discount. The median discount given on a home in Detroit is 16.7 percent. Detroit leads by a large margin; Cleveland, OH is the next-best city to get a discount, with a median discount of 7.6 percent.
Check out Albuquerque, NM and Omaha, NE for the greatest odds of finding a home with a price cut: 23.6 percent of homes in Albuquerque have a price cut, and 23.5 percent of homes in Omaha.
Below is the complete list of city winners. Happy Black Friday, and happy shopping!
via Zillow Blog - Real Estate Market Stats, Celebrity Real Estate, and Zillow News http://ift.tt/1li685e
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