10 US cities where home prices are falling

The drop in prices is reported above all in cities that, according to a report, were the ones that presented the highest value during the covid pandemic.

In the first weeks of June, house prices in some cities in the United States began to fall, according to a report published by realtor.com site specialized in the real estate market.

The drop in prices is reported above all in 10 cities that, according to this report, were the ones that presented the highest price during the time of the covid-19 pandemic.

1 in 7 listed properties had a price reduction in June, and more and more sellers are lowering the value of homes, highlights the ABC News in a publication of August 5 of this year.

Also read: What are the cities in the United States with the cheapest housing rents?

“There are continuing signs of this price adjustment. The share of homes priced lowered increased from 7.6% last June (2021) to 14.9% this year, but still remains 3.2 percentage points below current levels.” typical of 2017 to 2019″, published realtor.com.

The ABC explains that the drop in prices occurs “when home buyers face an affordability problem. On the one hand, the median listing price reached a new maximum of 450,000 dollars in June, a figure unaffordable for many households. At the same time, borrowing costs have skyrocketed, making it more expensive to finance a mortgage.”

Also: These are the three cities in the United States that give away land and money to build

These are the 10 cities where house prices have had price cuts after the pandemic

1. Reno, Nevada: 32.4%
2. Austin, Texas: 32.4%
3. Phoenix, Arizona: 29.5%
4. Anchorage, Alaska: 28.5 %
5. Boise, Idaho: 28.4%
6. Ogden, Utah: 27.4 %
7. Sacramento, California: 25.2%
8. Colorado Springs, Colorado: 25.1%
9. Evansville, Indiana: 24.7%
10. Medford, Oregon: 23.2%

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