Your Money Minute Home Prices Dropping 6/9/25
Jun 9, 2025
The podcast dives into the current sluggish U.S. housing market, highlighting it as the slowest since the Great Recession. There’s a focus on rising housing inventory and how prices are fluctuating regionally. Some areas are seeing declines, while others unexpectedly experience increases. It's a compelling snapshot of where real estate stands today.
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Housing Market Slows Dramatically
- The U.S. housing market is the slowest since the Great Recession in spring 2025.
- Inventory surged 9% with 1.45 million homes, the highest supply in five years, causing price drops especially in the South and West.
Home Prices Declining in Hot Markets
- More homes for sale but weaker demand is cooling home prices in many regions.
- Prices fell significantly in Phoenix, Denver, Dallas, Miami, and Las Vegas compared to last year.
Regional Price Differences Persist
- Prices are still rising in parts of the Midwest and cities like New York.
- Buyers get more value where there is abundant home supply and price weakness.