Story perspectives

Home Prices Drop Nationwide as Pandemic Boom Ends

12/2/2025

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Summary

Story summary

Home prices in U.S. cities are declining after the pandemic boom, signaling a return to pre-pandemic dynamics, per the Case-Shiller Index.
In Austin, Texas, prices surged 72.5% from March 2020 to June 2022 and have since fallen 26% from their peak.
Tampa, Florida, posted the largest decline at 4.1% in September, with Phoenix and Dallas experiencing price drops.
Northeastern and Midwestern markets remained stable, contrasting with weakening Sun Belt regions.

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Story summary

Home prices in U.S. cities are declining after the pandemic boom, signaling a return to pre-pandemic dynamics, per the Case-Shiller Index.
In Austin, Texas, prices surged 72.5% from March 2020 to June 2022 and have since fallen 26% from their peak.
Tampa, Florida, posted the largest decline at 4.1% in September, with Phoenix and Dallas experiencing price drops.
Northeastern and Midwestern markets remained stable, contrasting with weakening Sun Belt regions.