Pricemaxxing means price slashing in LA

With the world “maxxing” out on just about anything these days, why should real estate be any different? The internet slang that can be applied and aimed at optimizing nearly any aspect of life — from one’s appearance to fitness routines — is seeing some clients and their agents perhaps inadvertently jumping on the trend via price cuts. A quick look at the past week’s headlines showed price slashing to be the theme. Marcy Roth of Douglas Elliman’s Eklund Gomes team noted in her weekly report of Los Angeles County signed contracts that buyers even in the high end are […]

This article originally appeared on The Real Deal. Click here to read the full story.