Housing alarm as half of all US homes fall in value — biggest drop since the Great Recession

[mystery-ak]

Housing alarm as half of all US homes fall in value — biggest drop since the Great Recession

By DANIEL JONES, US CONSUMER AND REAL ESTATE EDITOR

Published: 00:07 EST, 18 November 2025 | Updated: 04:52 EST, 18 November 2025

Home values are falling for more than half of America — the biggest share since the country was still clawing its way out of the Great Recession.

New data from Zillow shows that 53 percent of US homes have lost value over the past year, the highest level since 2012, when the housing crash finally hit bottom.

The national market looks flat on paper, but that average masks huge differences between regions, cities and even neighborhoods.

Prices have been slipping in much of the South and West as more homes hit the market and buyers stay on the sidelines.

Many would-be buyers are holding off amid recession fears, stubbornly high mortgage rates above 6 percent, and a standoff with sellers who refuse to cut asking prices.

Many of the biggest drops are in once-red-hot pandemic boomtowns. In Denver, 91 percent of homes have fallen from their peak value. It’s 89 percent in Austin, and 88 percent in Sacramento.

Florida has been hit hard too: more than 80 percent of homes in Jacksonville, Orlando and Tampa are now worth less than they were a year ago. Dallas and San Antonio are also seeing declines of more than 85 percent.

Zillow's report echoes a similar one from S&P Cotality Case-Shiller that looked at the biggest 20 US metros, and found nine had seen house prices fall. 



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https://www.dailymail.co.uk/real-estate/article-15299957/us-home-values-drop-great-recession.html

[Wingnut]

Great market for cash buyers to scoop up some property.

[catfish1957]

This is kind of the '08- '09 playbook

Except this time equities that are 100% overpriced will be the trigger.

[Free Vulcan]

Stevie Wonder could have seen that coming.

[libertybele]

With everything going on with the economy (though the stock market is still rising) we are set for a recession  .... just in time for the mid terms.  Blue wave is coming.

How many will be underwater on their mortgages?

[Polly Ticks]

Oh, good!  I assume that means my property tax will be coming down, right?

.... Right? ....

[libertybele]

Oh, good!  I assume that means my property tax will be coming down, right?

.... Right? ....

Right.  That gave me a chuckle.

[berdie]

Oh, good!  I assume that means my property tax will be coming down, right?

.... Right? ....

Thanks...I needed a laugh. Just got back from the grocery store and it depressed me.

[Fishrrman]

"half of all US homes fall in value..."

This is a GOOD thing.
KEEP those prices falling...
... until they drop back to a level that more closely approximates real value, and NOT the inflated values being promulgated for homes these days.

I'd like to see home prices fall at least 50%, to back to where they were in, say, 1995 or so.

[libertybele]

"half of all US homes fall in value..."

This is a GOOD thing.
KEEP those prices falling...
... until they drop back to a level that more closely approximates real value, and NOT the inflated values being promulgated for homes these days.

I'd like to see home prices fall at least 50%, to back to where they were in, say, 1995 or so.

Homes are most people's biggest investment.   As for losing value of one's home back to 1995  -- no thank you!

[IsailedawayfromFR]

Homes are most people's biggest investment.   As for losing value of one's home back to 1995  -- no thank you!

Investment?

Not when a banker owns most of house as his collateral.

Savings make real investments as they are yours, not subject to being taken by some banker.

[libertybele]

Investment?

Not when a banker owns most of house as his collateral.

Savings make real investments as they are yours, not subject to being taken by some banker.

For those that have paid off their homes, then going back to 1995 values would be detrimental too many.  IF one pays attention the  housing market is cyclical and it is unwise to buy when housing inventory is low and prices are high.  It pays to wait.

[Kamaji]

Investment?

Not when a banker owns most of house as his collateral.

Savings make real investments as they are yours, not subject to being taken by some banker.

Not true.   I more true than any other investment.  The owner is always entitled to the equity built up in the asset, even if it’s mortgaged.

[berdie]

For those that have paid off their homes, then going back to 1995 values would be detrimental too many.  IF one pays attention the  housing market is cyclical and it is unwise to buy when housing inventory is low and prices are high.  It pays to wait.

Exactly!! Even with taxes and insurance going up...it's still cheaper than a mortgage. And renting.

[IsailedawayfromFR]

Not true.   I more true than any other investment.  The owner is always entitled to the equity built up in the asset, even if it’s mortgaged.

Ok, I'll bite.

What was untrue here?

Investment?

Not when a banker owns most of house as his collateral.

Savings make real investments as they are yours, not subject to being taken by some banker.

That it was an investment?
Or that a banker owns most of house?
Or that savings make real investments as you own them?