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Posted on 03/29/2026 2:26:13 PM PDT by Angelino97
Concern is rippling through the housing market as sellers slash prices at notable rates to attract buyers amid softening demand.
In February 2026, about one in five homes across nine major metro areas saw a price reduction, according to a new analysis by the Realtor.com.
Pandemic-era hotspots have been hit particularly hard, with all four leading markets for price reductions being former Covid 'boomtowns'.
Each of these metros saw at least one in five listings marked down, with Phoenix taking the lead 28.2 percent of homes there carried a price cut.
Other markets with steep markdowns included Tampa, San Antonio, and Tucson.
What do these cities have in common?
They're all sprawling, sun-soaked metros with room to grow - welcoming newcomers and offering everything from sleek condos to sprawling compounds.
Price cuts were also widespread in the Jacksonville area, as well as in the Dallas–Fort Worth, Orlando, and Austin regions...
Arizona stands out because, not only did the Grand Canyon State post the highest share of homes with price cuts, it also placed its largest two cities among the hardest-hit markets.
Phoenix and Tucson faired the worst, and there are a few key reasons why.
First, both markets exploded during the pandemic, drawing a surge of out-of-state buyers chasing lower costs and more space.
That rapid run-up pushed prices to levels that are now proving hard to sustain as migration cools and affordability tightens.
Second, these are fast-growing, spread-out metros where builders were able to ramp up construction relatively quickly.
Now, a wave of new inventory - especially new builds offering incentives - has given buyers more leverage and forced sellers to compete on price.
Finally, higher mortgage rates have hit these markets particularly hard.
(Excerpt) Read more at dailymail.co.uk ...
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There is no inventory where I live. None, nadda, zilch.
The invaders are being chased back to the S*hole countries that excreted them . It is simple supply and demand. It is also why the murder rate has dropped to the lowest level in a century.
Unless you tell us where you live (your page doesn’t list a state), your post is not very informative.
I didn’t see anywhere in the article about lower housing demand due to 2 million illegals being departed.
Believe it or not no one knows where you live.
Nope, nowhere.
Why would you, when they live 20 to a rental home?
“The sky is falling.”
Whatever happened to the “bigger fool” ponzi game? As a society a a whole, spending so much of the GNP on housing is probably not the best use of time, resources, and effort.
Just my opinion.
>> Concern is rippling through the housing market
Rippling concern is an ugly, ugly euphemism as it writhes its way through housing market like a big scaly viper and stuff.
Panic!!!! NOW!!!!!!!!!!
Daily Fail. ROFLMAO. Britain is a disgusting out-of-control craphole of insane proportions and the Daily Diaper Pail is clanging a concern troll alarm for US??!? LOL.
Angelino97 and The Daily Fail — turning Free Republic into a F’n tabloid since July 5, 2021...
Wait- weren’t they screaming about housing affordability last week?
So what? These houses have enjoyed at least a 50% increase since the COVID BS. It’s about time the housing market gets back to where it should be.
This past week, my wife read about a house in San Francisco that went for $2 million. I asked her “Only $2 million? That’s nothing.”
She replied “$2 million OVER ASKING PRICE.” There were 18 all-cash offers within a week of hitting the market.
The AI Boom seems to have generated more wealth quicker than all the previous booms here did. I’ve lived through the boom times in computers, optical and RF communications, chips, networking, storage, social media, B2B commerce, SaaS, etc. But I somehow managed to never get rich in spite of that.
I was about to say the same thing. If it was a Dem in office the headline would be “Affordable Housing Solved”.
It is called affordability.
Falling rents and housings prices are a big part of it.
Sounds like supply rose to meet demand where demand was hot.
Just sold our house to a friendly buyer for the equivalent of asking price without taking it to market.
Clean, simple, ready cash, no contingencies.
Where is this selling trouble again?
Wait- weren’t they screaming about housing affordability last week?
$$$$$$$$$$
This. Like climate change, the left can cry about any movement, up or down, and believe they are right.
“So what? These houses have enjoyed at least a 50% increase since the COVID BS. It’s about time the housing market gets back to where it should be.”
exactly ... a tiny bit of sanity in pricing is hardly panic rippling through the market ... if asking pricing are dropping a bit it, it just means that stubborn owners might finally really need to be selling ...
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