Here are the US cities where home prices are actually falling | CNN Business

Single-family median home prices increased 4% in the fourth quarter from a year ago to $378,700. Prices were strongest in the Northeast in the last quarter, up 5.3%; followed by the South, up 4.9%; the Midwest, up 4% and the West, up 2.6%, according to the National Association of Realtors. But drill down to the market level and it’s clear that prices in some areas are declining from the prior year.

Homebuying fell off a cliff. By the end of 2022, sales of existing homes were down nearly 18% from 2021 as would-be homebuyers left the market, according to NAR. Typically, a drop in demand to buy would mean excess supply and ultimately lead to prices coming down. But that’s not happening, broadly speaking, in the housing market. Instead, prices for single-family homes climbed in nearly 90% of metro areas tracked by NAR in the fourth quarter: 166 markets out of 186 saw prices still going up.

Its kind of Fd up right now with the Biden Administration raising interest rates. Home prices may have fallen and but rent continues to go up. Making it better to buy then rent but now wight rising rates it is costing those that can least afford it more.

That’s a rather contradictory statement

You forgot to mention East Palestine…again

“Everything sucks but here is why it doesn’t suck as bad as you think” is every single articles premise. Stop sugar coating it for the softies and tell the truth. Oh wait this is CNN state media nevermind that’s not possible.

Because everybody is moving to Texas and Florida! Where states are actually ran by sensible people.

It's definitely a seller's market. Unfortunately, the housing market is pricing most people out of being able to purchase a house. Renting a house or even an apartment these days is insanely expensive as well. Homelessness is going to sky rocket if it hasn't already. Not good.

1.5 mill in Florida gets you an Awesome Home and no state taxes. But we have an many Insurrectionists living here and a KKK Grand Wizard for Governor.

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