HOME PRICES ARE ABOUT TO GO NEGATIVE. pic.twitter.com/vN7acb25u8
— Jon Brooks (@jonbrooks) August 4, 2026
Among the 300 largest metro area housing markets, these 15 saw the biggest home price decreases between July 2006 and July 2010:
1. Merced, CA: -66.4%
2. Modesto, CA: -62.9%
3. Stockton, CA: -60.4%
4. Las Vegas, NV: -58.1%
5. Cape Coral, FL: -57.1%
6. Vallejo, CA: -55.9%
7. Port… pic.twitter.com/Zv2K1Ozb89— Lance Lambert (@NewsLambert) August 4, 2026
National median existing-home prices rose just 1.5 percent year over year in the second quarter.
West region already posted a small decline.
Several Sun Belt markets keep showing year-over-year price drops of 2 to 3 percent.
Active listings climbed past 1.1 million by end of June.
AEI data shows national home price appreciation slowing to 1.6 percent in June with real returns negative.
More than 70% of recent home buyers were counting on mortgage rates to drop. Now they’re stuck.