- Asking prices have plummeted by up to $400,000 in wealthy areas while poorer ones saw falls of $115,000
- The round-up revealed the top ten cities across the country where the median price for homes have dropped
- Toledo in Ohio topped the list with an 18.7 per cent fall, while Richmond in Virginia was tenth with 3.4 per cent
- Meanwhile a separate report found one in 20 sellers dropped the asking price for their home in April and May
- Despite the apparent trend, New York was one city heading in the other direction as real estate prices spiked
Property prices have fallen by up to 20 per cent across parts of the US as buyers shun the market amid ‘Bidenflation’ and spiking interest rates.
Asking prices have plummeted by up to $400,000 in wealthy areas while poorer neighborhoods have seen house values nosedive by as much as $115,000.
The round-up, outlined in a new report by Realtor.com, revealed the top ten cities across the country where the median price has dropped.
Property prices have fallen by up to 20 per cent across parts of the US as buyers shun the market amid ‘Bidenflation’ and spiking interest rates.
Asking prices have plummeted by up to $400,000 in wealthy areas while poorer neighborhoods have seen house values nosedive by as much as $115,000.
The round-up, outlined in a new report by Realtor.com, revealed the top ten cities across the country where the median price has dropped.
“Indeed seven years of great plenty will come throughout all the land of Egypt; 30 but after them seven years of famine will arise, and all the plenty will be forgotten in the land of Egypt; and the famine will deplete the land.” Gen. 41: 29-30
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