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53% of U.S. homes lost value in the past year, the most since 2012 (investors.zillowgroup.com)

submitted 7 months ago by cm0002@libretechni.ca to c/usa@midwest.social

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[–] anachronist@midwest.social 2 points 7 months ago* (last edited 7 months ago)

It makes sense that the most overinflated markets will come back to earth the fastest. San Francisco is also in a deep recession with huge numbers of tech jobs lost. Florida is uninsurable.

I'm surprised that the midwest and northeast aren't declining at least a little. They didn't see as big of a pandemic bubble but prices are still up significantly and buyers are paying the same rate as everywhere else.