Your Money Minute Cracks In Record Home Prices 5/13/25
May 13, 2025
In this installment, the discussion dives into the recent downturn of home prices in major U.S. cities like Miami and San Francisco. Listeners are treated to a closer look at the contrasting trends in various markets, highlighting the mixed signals within the real estate sector. This lively analysis reveals how some areas are still witnessing price hikes, despite the overall dip, provoking thought on what this means for potential buyers and investors.
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Home Price Gains Slowing
- After years of record highs, home price gains are now slowing nationally and falling in major markets year over year.
- Cities like Miami, Atlanta, and San Francisco have negative year-over-year home price changes, showing a market shift.
Emerging Real Estate Trends
- Pandemic migration markets like Austin are tanking in home prices.
- Desert and mountain areas are seeing more favorable home price trends according to recent data.
Mixed Market with Strong Gains
- Some large cities including New York, Cleveland, and Chicago still see home prices rising.
- Overall, American home prices increased by 50% in the five years following the pandemic.