The American cities where home prices are falling the most - with a beach paradise and Texas hotspot among the surprises
The American cities where home prices are falling the most - with a beach paradise and Texas hotspot among the surprises
Home prices are finally starting to steady following pandemic boom, and have already begun falling in many cities across the country. In fact, twenty of the US's fifty largest cities have seen declines since last year, according to a new report by Realtor.com. The news will be welcome to cash-strapped first time buyers and others priced out by higher mortgage costs. The average home price across the country was $442,500 as of May - which is 'relatively stable compared to the same time last year,' according to Realtor.
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