Reported 26 days ago
Since January 2025, home values have dropped in 27 of the 50 states in the U.S., signaling a potential shift toward a buyer's market. Florida reported the steepest decline, with home values down by 0.55%, reversing its previous market boom. The downturn is attributed to rising interest rates and high insurance costs affecting buyer affordability across various states, including California and Texas. Market analysts suggest that while prices are expected to continue falling, the overall impact on purchasing activity remains muted.
Source: YAHOO