Story thread · 2 reports / 2 sources

Home prices are falling in 36 of the 50 biggest U.S. metros. These 10 are dropping fastest

fastcompany.com · 7dShare

Real estate list prices are gradually falling around the country, but cities aren’t experiencing the shift evenly as we slide into fall. In a new report , Realtor.com found that price trends across the country’s major cities vary, dictated by a mix of local factors, stubbornly high mortgage rates, and the ever-changing dance between supply and demand. Cities that saw home prices soar sky-high during the pandemic homebuying blitz are seeing pricing return to earth – a boon for weary buyers but a less welcome sign for sellers expecting to call the shots. August saw the 10th straight monthly year-over-year decrease in price per square foot, with the measure falling 1.8% nationally compared to last year. During the same time period, median list prices fell year-over-year in three out of four U.S. regions, with prices dropping in the Northeast, the South, and the West. In the Midwest, the median list price stayed stable during the same time period. Out of the top 50 metro areas in the count

First report: Home prices dropping fastest in major US cities — and they’re not the ones you think — nypost.com, 9d