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

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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 tougher in 20 of the nation’s largest cities, and S&P’s Craig Lazzara says residence costs “might properly proceed to weaken” given the prospects for ongoing financial weak spot.

Prime 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% yr over yr, in keeping with 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 prone to come down since mortgage charges rose, pushing borrowing prices to 16-year highs and crushing home-buyer demand, in keeping with Redfin.


The typical month-to-month mortgage cost for homebuyers at this time is at a file excessive of $2,520 due partially to excessive mortgage charges, in keeping with Redfin.

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