Where home prices in the US are falling and rising the most
Written by Black Hot Fire Network on February 23, 2023
Miami saw the biggest uptick in home values.Photo: Joe Raedle (Getty Images)
US homes have recorded the largest fall in value since the global financial crisis.
In June 2022, US homes were worth a record $47.7 trillion. By the end of the year, they fell by almost 5% to $45.3 trillion. That’s the largest June-to-December drop in percentage terms since 2008, according to an analysis of real estate brokerage Redfin of more than 99 million US residential properties.
