US EditionHome Prices Falling in Nearly One-Third of Major U.S. Markets, CNBC Reports
UNITED STATES, JUL 14 – Annual home price growth slowed to 1.3% in June as rising inventory and high mortgage rates drive price declines in nearly one third of top U.S. housing markets, ICE reported.
- ICE reported that close to 33 of the top 100 U.S. housing markets experienced annual decreases in home prices by June 2025.
- The declines resulted from rising inventory, high mortgage rates near 6%, and slowing demand following post-pandemic price gains.
- Inventory grew 29% year-over-year in June, with significant price drops especially in southern and western markets like Cape Coral, Florida, down over 9%.
- BDAR chair Robin Jones said June data shows the market is "finding its equilibrium," while ICE's Andy Walden noted falling prices and longer sale times affect seller behavior.
- These trends suggest a shift toward a balanced housing market where increased supply improves affordability but challenges sellers amid persistent high borrowing costs.
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U.S. home prices are losing steam with most big markets below peak
The U.S. housing market is close to stalling out, with prices in more than half the country’s top 100 housing markets now below their peak, according to the latest data from Intercontinental Exchange.
·Spokane, United States
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Business TimesUS home prices are losing steam with most big markets below peak
The U.S. housing market is close to stalling out, with prices in more than half the country’s top 100 housing markets now below their peak, according to the latest data from Intercontinental Exchange. The annual nationwide price increase ...
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Leaning Left7Leaning Right1Center6Last UpdatedBias Distribution50% Left
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C 43%
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