Home prices falling

In July, the median home price in Santa Clara and San Mateo counties fell from second-quarter numbers of $1.4 million and $1.65 million respectively, to $1.35 million and $1.6 million. This represented a 4 percent (Santa Clara) and 3 percent (san mateo) drop in median home prices."

5 Cities Where House Prices Are Falling Fast. "home values rose 4.9% nationally for the 2nd quarter of 2016, compared with the same period of 2015, according to data from the National Association of Realtors," Bankrate says, "but in some areas, home values are on the decline." Here are the five cities where house prices are falling the fastest.

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U.S. home sales tumbled 1.7% in June, with rising prices and a scarce supply locking out many Americans from ownership. The National Association of Realtors said Tuesday that homes were sold last.

If, however, we see by the end of the fall that home prices in Phoenix have fallen, that is a strong sign to me that home price increases in 2019 will be smaller than in 2018. And if we see home prices actually increase by the end of the fall, that tells me that home price increases in 2019 are very likely to be even higher than in 2018.

Recessions and falling home prices are not really new concepts. Housing prices took a 24 percent nosedive during the Great Depression of 1929. In hindsight, that housing recession was not really a good time to buy real estate in the short term because that particular recession lasted 10 years.

Home construction is booming from Boise to Caldwell in Southwest Idaho, but home prices are still setting records, worsening the shortage of affordable housing for moderate-income buyers. By Home.

Arizona home values have gone up 5.4% over the past year and Zillow predicts they will rise 2.4% within the next year. The median list price per square foot in Arizona is $160. The median price of homes currently listed in Arizona is $295,000 while the median price of homes that sold is $240,600.

Many of these headline writers will confuse "softening home prices" with "falling home prices," but there is a major difference between the two. The data will begin to show that home values are not appreciating at the same levels as they had over the last several years (softening prices).

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