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. residence costs, reveals residence costs continued to drop throughout the U.S. by December, with main cities like Seattle and San Francisco amongst these exhibiting the largest declines.

Key Info

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

High 20 Main Cities With Month-to-month Residence 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 worth fell 0.6% 12 months over 12 months, in keeping with a report from actual property brokerage Redfin, marking the primary annual drop since 2012 at a time when day by day common mortgage charges hit 7.1%, pricing out patrons and forcing sellers to decrease their asking costs to regulate to excessive mortgage charges. Residence costs had been more likely to come down since mortgage charges rose, pushing borrowing prices to 16-year highs and crushing home-buyer demand, in keeping with Redfin.


The common month-to-month mortgage fee for homebuyers right now is at a report excessive of $2,520 due partly to excessive mortgage charges, in keeping with Redfin.

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