Home values in Dallas have decreased by 0.21% year-over-year as of April, indicating a shift toward a more buyer-friendly housing market. Nationally, the increase in home values dropped to 2.7%, the slowest growth since August 2023. Dallas joins Tampa as one of the few major metros experiencing a decline in home prices. Experts highlight a significant shift in regional performance, with steady markets in the Midwest and Northeast rising, while once popular pandemic markets now lag behind. This trend suggests a market increasingly influenced by fundamental factors rather than speculation.
"The housing market continued its gradual deceleration in April, with annual price gains slowing to their most modest pace in nearly two years."
"What's particularly striking is how this cycle has reshuffled regional leadership - markets that were pandemic darlings are now lagging, while historically steady performers in the Midwest and Northeast are setting the pace."
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