Housing and City Growth Secretary Scott Turner joins ‘Mornings with Maria’ to debate rising mortgage charges, chopping housing laws and the Trump administration’s push to spice up reasonably priced homebuilding.
The housing market stays sizzling in a lot of the nation, with rising costs creating affordability considerations for would-be consumers – although some markets are seeing sizable quantities of worth cuts over the past month.
Knowledge from Realtor.com discovered that nationally, the share of lively listings that carry a worth discount was at 16.7% in April – a determine that’s elevated in contrast with historic traits however is definitely decrease than a yr in the past as costs trended towards an equilibrium.
A number of markets throughout the Solar Belt and Mountain West areas have seen worth cuts extra incessantly than the nationwide common, the information confirmed.
“Put merely, properties are usually not shifting in these markets,” stated Realtor.com senior economist Jake Krimmel. “That is down partly as a result of ample provide but in addition anemic demand at present costs and rates of interest.”
ONE TYPE OF PROPERTY IS QUIETLY SAVING AMERICANS THOUSANDS OF DOLLARS
Worth cuts for listed properties have declined nationally within the final yr however stay elevated, together with in some main metro areas. (iStock/Getty Photos Plus)
Two of the metro areas additionally led Realtor.com’s report about main markets with worth cuts in April 2025, as Phoenix and Tampa had 31.3% and 29.3% of listings with worth cuts final yr, respectively.
“Why are these metros regularly topping this worth reduce checklist? It is doubtless half unrealistic expectations and half wishful pondering, however worth reductions do imply sellers are getting the message loud and clear,” Krimmel stated.
Here is a have a look at the 5 housing markets the place worth reductions had been probably the most prevalent in April.
THESE 8 US HOUSING MARKETS FAVOR BUYERS
Phoenix-Mesa-Chandler, Arizona
Phoenix led the checklist of metro areas with worth cuts. (Mario Tama/Getty Photos)
- Share of listings with worth cuts: 29.1%
- Change year-over-year: -2.2 proportion factors
- Median checklist worth: $499,000
Tampa-St. Petersburg-Clearwater, Florida
The skyline of downtown Tampa, Florida. (Joe Sohm/Visions of America/Common Photos Group by way of Getty Photos)
- Share of listings with worth cuts: 25.13%
- Change year-over-year: -4.2 proportion factors
- Median checklist worth: $406,500
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San Antonio-New Braunfels, Texas
San Antonio, Texas, had the bottom median checklist worth among the many metros with probably the most checklist worth cuts. (Robert Alexander/Getty Photos)
- Share of listings with worth cuts: 24.95%
- Change year-over-year: -0.7 proportion factors
- Median checklist worth: $324,700
Denver-Aurora-Centennial, Colorado
The skyline of Denver, Colorado. (iStock)
- Share of listings with worth cuts: 24.35%
- Change year-over-year: -2.8 proportion factors
- Median checklist worth: $587,000
Portland-Hillsboro-Vancouver, Oregon and Washington
The Portland, Oregon, metro space – which incorporates Vancouver, Washington – made the highest 5 checklist. (iStock)
- Share of listings with worth cuts: 24.04%
- Change year-over-year: 0.7 proportion factors
- Median checklist worth: $579,750
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