Two cities have tied for the sharpest drop in home prices in the U.S., according to Zillow data.
The real estate platform tracks 894 housing markets across the U.S., and a recent report revealed that 309 of them are expected to fall in price over the next year. This means more than one in three markets are already facing a drop.
Plunging prices could result in affordability for first-time home buyers but a loss in equity for those looking to sell. In some cities, prices have already dropped dramatically from this time last year, and the trend could continue into 2026…