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Posted on 11/17/2025 9:18:58 PM PST by E. Pluribus Unum
Home values are falling for more than half of America — the biggest share since the country was still clawing its way out of the Great Recession.
New data from Zillow shows that 53 percent of US homes have lost value over the past year, the highest level since 2012, when the housing crash finally hit bottom.
The national market looks flat on paper, but that average masks huge differences between regions, cities and even neighborhoods.
Prices have been slipping in much of the South and West as more homes hit the market and buyers stay on the sidelines.
Many would-be buyers are holding off amid recession fears, stubbornly high mortgage rates above 6 percent, and a standoff with sellers who refuse to cut asking prices.
Many of the biggest drops are in once-red-hot pandemic boomtowns. In Denver, 91 percent of homes have fallen from their peak value. It’s 89 percent in Austin, and 88 percent in Sacramento.
Florida has been hit hard too: more than 80 percent of homes in Jacksonville, Orlando and Tampa are now worth less than they were a year ago. Dallas and San Antonio are also seeing declines of more than 85 percent.
Zillow's report echoes a similar one from S&P Cotality Case-Shiller that looked at the biggest 20 US metros, and found nine had seen house prices fall.
This map breaks down the US housing cooldown, pinpointing the metros where the highest share of homes have slipped in value over the past year.
Tampa is seeing one of the sharpest reversals in Florida, with over 80 percent of homes now worth less than a year ago. The city’s rapid run-up in prices has given way to a steep correction across much of the metro
Treh Manhertz, senior economic researcher at Zillow, says...
(Excerpt) Read more at dailymail.co.uk ...
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Florida has been through this before. My friends sold not at a loss but at a depreciated price.
This is only going to get worse as the boomers die off.
What, you mean that young people may just have a chance to
own a home of their own?
I realize this puts homeowners in a bad situation, but
housing has become unattainable for a lot of people these
days, at least owning your own.
Well with all the yelping about “affordability”, that should be good news! No?
Houses are a place to live for most of us. We hope they appreciate in value, but that is not always true.
They are certainly a better vale than renting.
I wonder how much of this is because of the illegal aliens being kicked out of the country?
Most Blue States do not allow home building.
Falling,
by one dollar....
Exactly...it’s just a better quality of life than living
in some ant-farm apartments, condos and tiny houses close together.
They need to fall by a LOT!
THEY ARE WAY OVERVALUED just to generate substantial taxes for governments.
It was all a huge scheme to generate revenue for governments and keep people as tax slaves and poor.
People thought,”oh boy, my home is worth so much”. What a crock!
It made them unaffordable burdens for people.
And huge payoffs for tax collectors.
>> I realize this puts homeowners in a bad situation, but
housing has become unattainable for a lot of people these
days, at least owning your own.
Not that long ago “a Home” was a “good”, priced according to market supply and demand.
Then at some point it became “an investment”, and soon after that a vehicle of speculation.
And here we are...
By the way, it mostly puts recent homebuyers and those needing to sell in a bad way. I’m one of many who are blessed not to need to care at the moment because the major function of my home is not as a speculative investment to “flip”, but as a roof over my head, and will likely remain so until I’m about to leave this world for my eternal home...
FRegards
Well of course they’ve dropped; they had risen far too much than was reasonable, and people desperate for a home bought them anyway. Same thing with cars; they’ve gotten way overpriced. 8 year old suvs with 95,000 miles are costing more than when they were new! It’s called inflation, and when prices begin to normalize, A huge number of people are going to find themselves underwater.
Yep, good news.
Well, there ya go. Supply and demand at work. Millions of illegals leaving the country is making housing affordable. Another Trump promise fulfilled.
I agree with your thoughts there.
Its not. There is still a housing shortage.
Housing goes up: ALARM!
Housing goes down: ALARM!
Seems we’re a nation of fainting goats.
The drop should be to at least 50 percent!
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