The cities where house prices are set to DROP - and most are in the south
9 months, 3 weeks ago

The cities where house prices are set to DROP - and most are in the south

Daily Mail  

A new analysis predicts declining prices in five metropolitan areas in the U.S. Sky-high house prices are anticipated to drop in several metropolitan areas across the southern United States. Despite skyrocketing home prices in cities like Miami and West Palm beach, two metros in the Sunshine State are expected to see a drop: the Palm Bay-Melbourne-Titusville region and the Deltona-Daytona Beach-Ormond Beach region. Five metropolitan areas in the United States, including the Palm Bay-Melbourne-Titusville region in Florida, are anticipated to see a drop in home prices by spring 2025 Four of those regions are located in the South, including the Greenville-Anderson-Maudlin metro in South Carolina These turning tides aren't limited to the South, either; on the opposite coast, Spokane and the greater Spokane Valley in Washington are due for a price decrease. This sparse inventory is compounded by factors including lingering effects of the Great Recession as well as skyrocketing mortgage rates, which reached their highest point in more than two decades late last year Georgia's Atlanta-Sandy Springs-Roswell metropolitan area is among those with a 70 percent likelihood to see a decline in home prices by next year The trend is not limited to the south, either; Washington's Spokane Valley is also included in the predictions The sweeping uptick in home prices presented a challenge for home shoppers during what is historically the busiest time of year.

Prices South Drop Home Prices Corelogic  cities  areas  city  metropolitan  drop  prices  pictured  spokane  house  region  south  set  rates

History of this topic

'Affordable housing havens' are skyrocketing in the US
2 months, 1 week ago

'Affordable housing havens' are skyrocketing in the US

Daily Mail  

The price of homes in former 'affordable housing havens' are skyrocketing, according to new data from Redfin. In Cleveland, Ohio, home sale prices rose 15 percent in the year to December 2024 - the most of any of the 50 biggest US cities. 'Places that have long been known as affordable places to live, like Cleveland and Milwaukee, are now …

16 US cities where house prices are set to soar the most in 2025
2 months, 4 weeks ago

16 US cities where house prices are set to soar the most in 2025

Daily Mail  

Homeowners and prospective buyers can expect to see housing prices soar to unprecedented heights in 16 cities across the US, analysts have predicted. Colorado Springs, CO Analysts expect Colorado Springs to see a price growth of 12.7 per cent and sales growth of 27.1 per cent in 2025, according to Realtor.com. Realtor.com analysts predict Tucson will see an estimated 12.4 …

Will house prices go up in 2025? Six property experts give their verdict
3 months ago

Will house prices go up in 2025? Six property experts give their verdict

Daily Mail  

They also reveal their property hotspots - and not-spots - for next year House prices are not just a popular conservation topic, but a British obsession. Paula Higgins, chief executive of HomeOwners Alliance Last year's prediction: +2% Prediction for 2025: +4% I am predicting house prices to continue a steady climb through 2025 increasing by 4 per cent across the …

Housing tracker: A slowdown in the Southern California market for homes and rentals
3 months, 2 weeks ago

Housing tracker: A slowdown in the Southern California market for homes and rentals

LA Times  

The Southern California housing market is downshifting. “They are waiting.” Prices are now 1.3% off their all-time high in July, but some economists say prospective home buyers and sellers shouldn’t expect home values to plunge — one reason behind the shift is the market typically slows in the fall and prices are still above where they were a year ago. …

REVEALED: The top US city that's slashing home prices by THOUSANDS
5 months, 1 week ago

REVEALED: The top US city that's slashing home prices by THOUSANDS

Daily Mail  

Future homeowners looking to live in the western part of the U.S. should put Phoenix, Arizona at the top of their list. While the city stays hot thanks to desert heat, house prices are finally cooling, with 25 percent of property listings in the city seeing price reductions. Future homeowners looking to live in the western part of the U.S. …

House prices are about to plummet by 20% in these pandemic boomtowns
8 months, 1 week ago

House prices are about to plummet by 20% in these pandemic boomtowns

Daily Mail  

House prices boomed across the country during the pandemic but some of these hotspots will see a dramatic drop in valuations, an expert has warned. Gerli, CEO of analytics firm Reventure, predicts they could see prices drop as much as 20 percent over the next few years, with a 15 percent fall in the next year alone. Austin, Texas has …

House prices in these pandemic hotspots are set to nosedive, real estate expert warns
9 months ago

House prices in these pandemic hotspots are set to nosedive, real estate expert warns

Daily Mail  

House prices in regions that flourished during the pandemic are set to nosedive with four major metropolitan areas worst-affected, a new report claims. Home prices in certain pandemic hotspots across the nation are expected to nosedive soon, with four major metropolitan areas most impacted 'Construction is booming in the wake of recent climate disasters, and there's less demand to buy …

Home prices are falling in these 4 former boomtowns
9 months, 3 weeks ago

Home prices are falling in these 4 former boomtowns

Daily Mail  

Home prices are falling in four former hotspots - as near-record housing costs push homebuyers away. Home prices in San Antonio and Fort Worth have both fallen 1.2 percent, according to the data, while sale prices in Portland, Oregon, are down 0.9 percent. Nationwide, price drops are at their highest since November 2022, according to Redfin, which suggests other areas …

Average homes near $1M in Boston as US housing crisis deepens
10 months, 1 week ago

Average homes near $1M in Boston as US housing crisis deepens

Daily Mail  

House prices are only going to go up, experts have warned, with Boston set to be the next city where buyers will need $1 million for an average family home. A perfect storm of spiraling construction costs, desperate buyers, and existing owners sitting tight in their homes has seen house prices double in 68 of America's 100 largest cities in …

Motor City roars back: House prices in Detroit are rising faster than anywhere else (but you can still get a 9-bed mansion for $125K!) - where else are prices spiking?
1 year, 2 months ago

Motor City roars back: House prices in Detroit are rising faster than anywhere else (but you can still get a 9-bed mansion for $125K!) - where else are prices spiking?

Daily Mail  

During the mortgage crisis, residents deserted the Motor City in their millions Detroit has dethroned Miami as the US metro with the fastest rising home prices for the first time. Home prices in the Motor City increased 8.7 percent in the year to November 2023, surpassing Miami's 8.3 percent growth, says a new report from CoreLogic. Detroit has dethroned Miami …

House prices fell 1.8% in 2023 but were unchanged in December, Nationwide says
1 year, 3 months ago

House prices fell 1.8% in 2023 but were unchanged in December, Nationwide says

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Property prices see 'significant decline' in some suburbs and regions despite housing market rebound
1 year, 3 months ago

Property prices see 'significant decline' in some suburbs and regions despite housing market rebound

ABC  

Property prices "defied expectations" to hit record high values this year, but some suburbs and regional areas have bucked the trend and seen "very significant declines" in their median house prices in the past 12 months. Key points: Data from PropTrack shows suburbs of greater Hobart have seen median house prices fall by more than 10 per cent in the …

Home sales in June fell to the slowest pace since January with near-historic low inventory for sale
1 year, 8 months ago

Home sales in June fell to the slowest pace since January with near-historic low inventory for sale

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes fell in June to the slowest pace since January, as a near-historic low number of homes for sale and rising mortgage rates kept many would-be homebuyers on the sidelines. The national median sales price fell on an annual basis for the fifth month in a row, though fierce competition led to …

May home sales rise with near record-few on the market and biggest annual price drop since 2011
1 year, 9 months ago

May home sales rise with near record-few on the market and biggest annual price drop since 2011

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes edged higher in May and the national median sale price posted its biggest annual drop in more than a decade, as a near all-time low supply of available properties constrained the housing market. Existing home sales rose 0.2% last month from April to a seasonally adjusted annual rate of 4.3 million, …

Southern California home prices have been falling. Are the drops over?
1 year, 10 months ago

Southern California home prices have been falling. Are the drops over?

LA Times  

A home for sale last year in the Mission Hills area of Los Angeles. According to Zillow, the typical price in the combined six-county Southern California region continued to fall in April, but the decline was the smallest since values turned negative last year. “They would rather see if they can qualify to buy.” Jeff Tucker, an economist with Zillow, …

Looking for a house? High mortgages, few homes lead to biggest annual price drop in 11 years
1 year, 10 months ago

Looking for a house? High mortgages, few homes lead to biggest annual price drop in 11 years

Associated Press  

LOS ANGELES — A persistently low inventory of homes on the market held back U.S. home sales again in April, even as the national median sale price posted its biggest annual drop in 11 years. Existing home sales fell 3.4% in April from March to a seasonally adjusted annual rate of 4.28 million, the National Association of Realtors said Thursday. …

South Florida homebuyers are priced out of the market
2 years, 5 months ago

South Florida homebuyers are priced out of the market

Daily Mail  

Living expenses have risen across the board - with median monthly rent in New York City exceeding $3,860 and Boston hitting $3,060 Fort Myers - despite the recent aftermath of Hurricane Ian - saw a 102.5 percent increase in monthly mortgage payments from last September Rising mortgage payments are complemented by the rising 30-year fixed mortgage rates, which jumped to …

Rising mortgage rates are sending home prices lower
2 years, 5 months ago

Rising mortgage rates are sending home prices lower

LA Times  

For the first time in a decade, home prices in Southern California are definitively falling. Other measures of home prices, including data from mortgage services firm Black Knight and John Burns Real Estate Consulting, show similar or even greater declines from peak prices, providing further evidence the recorded drops aren’t a data anomaly. Few, if any, major real estate experts …

Buying a home? Get ready for a 6% mortgage
2 years, 6 months ago

Buying a home? Get ready for a 6% mortgage

LA Times  

Mortgage rates just hit 6% and could further slow the housing market. On Thursday, mortgage giant Freddie Mac reported that the average rate on a 30-year fixed home loan clocked in at 6.02%, up from 5.89% the previous week and 2.86% a year earlier. Many would-be buyers simply can’t afford such increases, and a growing number of economists expect Southern …

Home sellers in pandemic boom towns are slashing prices
2 years, 7 months ago

Home sellers in pandemic boom towns are slashing prices

Daily Mail  

Cities that saw soaring home prices during the COVID-19 pandemic are now falling back to earth, as sellers are forced to shed their 'unrealistic expectations' about the prices they can ask. The 10 cities that saw the biggest share of listing price reductions last month are seen above A housing development is seen in Boise, where last month 70% of …

US home sales fell in July; some buyers see silver lining
2 years, 7 months ago

US home sales fell in July; some buyers see silver lining

Associated Press  

LOS ANGELES — The housing market’s comedown from its high-flying days early this year is deepening, with home sales in July falling for the sixth straight month. Still, it is a notable reversal after a housing shortage, rock-bottom mortgage rates and soaring home prices skewed the housing market strongly in sellers’ favor in recent years. “We know that homes are …

Premium real estate leads regional house price fall as ANZ tips 18 per cent nationwide property slump
2 years, 7 months ago

Premium real estate leads regional house price fall as ANZ tips 18 per cent nationwide property slump

ABC  

Australia's housing market is set to drop 18 per cent, according to one major bank, and new data shows regional areas are joining Sydney and Melbourne in the slide. Key points: ANZ tips an 18 per cent fall for housing prices in 2022-23 before a 5 per cent rebound in late 2024 The bank says the projection is mainly due …

Home prices slow dramatically on the West Coast
2 years, 8 months ago

Home prices slow dramatically on the West Coast

Daily Mail  

Major West Coast cities are seeing the slowest growth in home prices as mortgage rates rise, while growth remains strongest in Tampa, Miami and Dallas. Tuesday's report from S&P CoreLogic Case-Shiller showed that national home prices increased 19.7 percent in May from a year ago, after surging 20.6 percent in April. Though demand from homebuyers has plunged as rising mortgage …

Southern California housing prices will fall, some experts say. The question is how much
2 years, 9 months ago

Southern California housing prices will fall, some experts say. The question is how much

LA Times  

Rising mortgage rates have slowed the housing market across the nation and Southern California. Then in 2023, he expects the Federal Reserve’s actions to fight inflation will cause a mild recession and the combination of job losses and higher rates will cause the statewide median price to fall 7.1% compared with this year, with similar declines in Southern California specifically. …

Cost of a typical house in the U.S. tops $400,000 for first time
2 years, 9 months ago

Cost of a typical house in the U.S. tops $400,000 for first time

CBS News  

Sky-high housing prices are hitting new heights even as property sales slow, showing how hard it is for most people to buy a home in this economy. "Home sales have essentially returned to the levels seen in 2019 – prior to the pandemic – after two years of gangbuster performance," NAR Chief Economist Lawrence Yun said in a statement. The …

American homebuyers are flocking to warm suburbs
2 years, 11 months ago

American homebuyers are flocking to warm suburbs

The Economist  

Graphic detail Where the lawns are greener How the pandemic has changed American homebuyers’ preferences They are flocking to warm suburbs Apr 30th 2022 To detect these patterns, we used a monthly home-price index from Zillow, a website, for 2,563 of America’s 3,006 counties since 2018. In the 100 counties with the highest official death rates from covid, price changes …

In Southern California, a slight slowdown in the housing market still means record prices
3 years, 3 months ago

In Southern California, a slight slowdown in the housing market still means record prices

LA Times  

Bidding wars have cooled, but plenty of home buyers have stayed the course, continuing to drive prices up. Southern California home prices jumped nearly 16% in November from a year earlier, showing how the market is still ultra-competitive despite a slight slowdown that began to set in several months ago. The region’s six-county median sales price reached an all-time high …

Southern California home prices keep climbing, hit new record in July
3 years, 7 months ago

Southern California home prices keep climbing, hit new record in July

LA Times  

Southern California’s median home price set another record in July, but the rate of increase slowed. Southern California home prices set yet another record in July, although the pace of increase slowed as some home shoppers grew tired of bidding wars that have defined the pandemic market. The housing market has been red hot since last year, with the pandemic …

US home prices surge 17% in May, fastest in 17 years
3 years, 8 months ago

US home prices surge 17% in May, fastest in 17 years

Associated Press  

WASHINGTON — Prices for U.S. homes rose faster in May than they have in 17 years as surging demand for housing outstripped the supply. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, soared 17% in May from a year earlier on top of a 15% jump in April. The supply of houses for sale has been limited, partly …

Housing prices shoot up a record 15% with fewer homes on the market
3 years, 11 months ago

Housing prices shoot up a record 15% with fewer homes on the market

NL Times  

The average sale price of homes rose to 385,000 euros in the first quarter of 2021, an increase of 15% compared to the first quarter of 2020. The price of a newly-built homes also jumped to an average of 433,000 euros in the first quarter of 2021, compared to 400,000 euros reported last year. Halfway through the first quarter of …

Home prices went up all over the country
4 years, 1 month ago

Home prices went up all over the country

CNN  

Home prices went up in all major metropolitan areas in the US at the end of last year. Existing home prices rose in all 183 metropolitan statistical areas tracked in the fourth quarter of last year, according to the National Association of Realtors. “The fourth quarter of 2020 presented circumstances ripe for home price increases,” said Lawrence Yun, NAR chief …

Home prices rise at fastest pace in more than 6 years
4 years, 2 months ago

Home prices rise at fastest pace in more than 6 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy U.S. home prices jumped in …

US home prices rise at fastest pace in more than 6 years
4 years, 3 months ago

US home prices rise at fastest pace in more than 6 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy U.S. home prices jumped in …

Bad news for home buyers: Prices are going up everywhere
4 years, 4 months ago

Bad news for home buyers: Prices are going up everywhere

CNN  

While mortgage rates remain at record lows, home prices are rising in more areas across the country. The nation’s median existing single-family home price climbed to $313,500 in the third quarter, up 12% from a year ago, according to a report from the National Association of Realtors. The median sale prices of existing single-family homes rose from a year ago …

U.S. home sales fell in June; shoppers couldn’t find houses to buy
7 years, 8 months ago

U.S. home sales fell in June; shoppers couldn’t find houses to buy

LA Times  

Homebuyers faced surging prices and a shrinking number of properties for sale in June — causing the pace of sales to fall. Sales of existing homes slipped 1.8% last month to a seasonally adjusted annual rate of 5.52 million, the National Assn. The modest gains come despite solid levels of hiring that have pushed the unemployment rate down to a …

Southern California home prices jump again as short supply fuels bidding wars
8 years ago

Southern California home prices jump again as short supply fuels bidding wars

LA Times  

Southern California home prices jumped in February, posting the largest increase in more than a year, as buyers rushed to outbid one another for a meager selection of homes for sale. The six-county region’s median price for new and resale homes hit $460,000 last month, up $5,000 from January, real estate firm CoreLogic said Tuesday. Last month, there was a …

House prices set to rise further after jumping 4.4% in 2013
11 years, 3 months ago

House prices set to rise further after jumping 4.4% in 2013

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Resurgent demand and a falling …

American home prices rise in 81 per cent of cities as markets recover
12 years, 4 months ago

American home prices rise in 81 per cent of cities as markets recover

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. The median sales price increased in the third …

Home Prices Predicted To Continue Decline
16 years, 2 months ago

Home Prices Predicted To Continue Decline

NPR  

Home Prices Predicted To Continue Decline News from the housing sector remains grim. The Federal Housing Finance Agency says home prices continued to fall last year. A government housing regulator says in the 12-month period ending last November home prices dropped 8.7 percent. The expectation among Sharga and other market watchers is that this year, home-building will continue to slow, …

Housing Limbo: How Low Will Prices Go?
16 years, 7 months ago

Housing Limbo: How Low Will Prices Go?

NPR  

Housing Limbo: How Low Will Prices Go? You need to compare the market price to a theoretical price based on current economic and demographic trends, says Celia Chen, director of housing economics for Moody's Economy.com. It's helpful to remember that housing prices don't behave like stocks — they're not going to change overnight, says Dean Baker, co-director of the Center …

Falling Home Prices Tempt Bargain Hunters
18 years, 5 months ago

Falling Home Prices Tempt Bargain Hunters

NPR  

Falling Home Prices Tempt Bargain Hunters toggle caption Getty Images Enlarge this image toggle caption NPR NPR WHERE WILL PRICES FALL? Here's a look at several cities with falling prices ahead, along with when they can expect the housing market to bottom out, according to the report: ARIZONA TUCSON Peak Price: 1st Quarter 2006 Trough Price: 2nd Quarter 2008 Projected …

Discover Related