Affording a home has been a Herculean challenge in recent years due to rising property prices and stubbornly high mortgage rates.
That means only 20% of the markets surveyed have homes selling for under half a million dollars and are also getting more affordable.
26 growing cities where home prices are downSince cities with falling home prices are relatively rare, homebuyers might assume that those markets are getting cheaper because they're becoming less popular.
However, there are over two dozen markets where property prices have fallen in recent years despite enjoying an influx of residents, according to Zoocasa's new report.
AdvertisementThat leaves 26 markets where home prices are down despite sizable population growth.
Persons:
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Organizations:
Service, homebuyers, Business, National Association of Realtors, Bureau
Locations:
West, Texas, Arizona