Map Shows Markets With Fastest Falling Home Values as Denver Takes Top Spot
Denver has been identified as the weakest housing market in the U.S., with home values declining by 2.2 percent year-over-year. Tampa follows closely behind with a 2.1 percent drop, marking a significant shift in housing trends across major metropolitan areas. The overall housing market is experiencing fragmentation, with many cities seeing declines while others maintain rising prices due to differing supply and demand dynamics.
- ▪Denver's home values fell by 2.2 percent in February, making it the largest decline in the country.
- ▪Tampa recorded a 2.1 percent drop in home values, previously holding the title of the weakest market.
- ▪More than half of major U.S. metros analyzed reported year-over-year home price declines in February, including Los Angeles and Washington, D.C.
Opening excerpt (first ~120 words) tap to expand
By Giulia CarbonaroSenior Housing ReporterShareNewsweek is a Trust Project memberSee more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.Denver is now the weakest housing market in the United States, according to data from the S&P Cotality Case-Shiller Index, as home values in the city are falling faster than in any other major metropolitan area in the nation—even Tampa.Home values in the Mile High City were down 2.2 percent in February compared to a year earlier, the biggest decline in the country. The second-steepest drop was recorded in Tampa, which until February was the weakest housing market in the country and where values fell by 2.1 percent year over year that same month.Denver and Tampa are not isolated cases.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Newsweek.
Discussion
0 commentsMore from Newsweek
