GoKawiilHome prices fall year-over-year in 64 of largest U.S. metros, ResiClub finds
An analysis by Lance Lambert's ResiClub identifies 64 major metropolitan housing markets where home prices are lower than they were a year earlier. The number of metros in decline has held roughly steady over the past year after an earlier wave of softening, even as the overall national housing market remains sluggish.
GoKawiil's interpretation of the reporting above, not reported fact.
A persistent cluster of markets with falling prices signals that the housing slowdown driven by high mortgage rates and affordability strain hasn't fully resolved, even if it isn't worsening broadly. For buyers, sellers and regional economies, this stabilization at a soft level suggests continued uncertainty rather than a clear recovery or further collapse.
- 64 major metros are currently seeing year-over-year home price declines.
- The number of declining markets has leveled off over the past 12 months rather than growing or shrinking sharply.
- The broader national housing market remains soft despite this stabilization.
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Published there as: “64 major housing markets where home prices are falling”
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