Here Are 20 Major Cities Where Home Prices Are Dropping The Most


Knowledge launched by the S&P Corelogic Case-Shiller index, a number one measure of U.S. dwelling costs, exhibits dwelling costs continued to drop throughout the U.S. by way of December, with main cities like Seattle and San Francisco amongst these exhibiting the most important declines.

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On Tuesday, S&P Dow Jones Indices reported dwelling costs have ticked down about 0.8% on a month-to-month foundation, however have fallen tougher in 20 of the nation’s largest cities, and S&P’s Craig Lazzara says dwelling costs “might properly proceed to weaken” given the prospects for ongoing financial weak spot.

High 20 Main Cities With Month-to-month House Value Declines

  • Phoenix (-1.9%)
  • Portland (-1.9%)
  • Las Vegas (-1.8%)
  • Seattle (-1.8%)
  • San Francisco (-1.8%)
  • Denver (-1.3%)
  • San Diego (-1.3%)
  • Minneapolis (-1.2%)
  • Chicago (-1.2%)
  • Dallas (-1.1%)
  • Detroit (-1.1%)
  • Charlotte (-1.0%)
  • Boston (-0.9%)
  • Tampa (-0.9%)
  • Cleveland (-0.8%)
  • Los Angeles (-0.8%)
  • Atlanta (-0.7%)
  • Washington (-0.4%)
  • Miami (-0.3%)
  • New York (-0.2%)


In February, the median U.S. home-sale value fell 0.6% 12 months over 12 months, based on a report from actual property brokerage Redfin, marking the primary annual drop since 2012 at a time when each day common mortgage charges hit 7.1%, pricing out consumers and forcing sellers to decrease their asking costs to regulate to excessive mortgage charges. House costs had been more likely to come down since mortgage charges rose, pushing borrowing prices to 16-year highs and crushing home-buyer demand, based on Redfin.


The common month-to-month mortgage cost for homebuyers at the moment is at a report excessive of $2,520 due partially to excessive mortgage charges, based on Redfin.

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