WASHINGTON, Dec. 22, 2022 /PRNewswire/ — The Nation’s longest home price boom has ended after a run-up lasting 10½ years. Nationally, prices have declined 3.1% from the peak in June, according to data from the American Enterprise Institute’s (AEI) Housing Center. While all 60 largest metros have begun experiencing year-on-year price declines, San Jose, Seattle, and San Francisco have led the way with declines of 15.5%, 13.4%, and 12.7% from their respective peaks (see #1 in graphic below).
The Nation’s longest home price boom has ended after 10½ years- San Jose leads the way with a 15.5% decline.
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