Researchers at Black Knight Inc, a technology company that analyzes mortgage lending data across the United States, found that home prices in six California cities have decreased from their 2022 peak prices.
Those cities were: San Francisco, San Jose, Sacramento, San Diego, Los Angeles, and Riverside.
This is where home prices have fallen the most in the US:
1. San Francisco: 13% price decrease
2. San Jose: -12.7% price decrease
3. Seattle, Washington: 11.3% price decrease
4. Phoenix, Arizona: 10.5% price decrease
5. Austin, Texas: 9.7% price decrease
6. Las Vegas, Nevada: 9.3% price decrease
7. Sacramento: 9.3% price decrease
8. San Diego: 8.6% price decrease
9. Los Angeles: 7.6% price decrease
10. Salt Lake City, Utah: 6.9% price decrease
11. Denver, Colorado: 6.9% price decrease
12. Riverside: 6.8% price decrease
13. Raleigh, North Carolina: 6.3% price decrease
14. Portland, Oregon: 6.1% price decrease