Homes with asking price reductions take twice as long to sell, according to Zoopla. This indicates that properties that undergo price cuts may struggle to attract buyers and subsequently remain on the market for an extended period. The data suggests that sellers should carefully consider their pricing strategy to expedite the selling process.
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Tariffs Add to Automaker Concerns About Higher Steel Costs
President Trump's imposition of tariffs on steel and aluminum imports may increase production costs for U.S. automakers, already facing potential price hikes due to other policies. Auto executives had hoped for Trump's approval of Japanese steel maker Nippon Steel's bid to acquire U.S. Steel, believing it would boost competition and lower prices, but the president rejected the deal, citing concerns over monopolistic practices. As U.S. Steel faces financial troubles and Cleveland-Cliffs eyes a bid, the...
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