Nearly a third of Phoenix homes for sale had price cuts last April.
While housing costs continue to rise in much of the country, some Sun Belt and Mountain West cities are seeing dramatic drops in home prices, reports Eric Revell for Fox Business.
"Put simply, homes are not moving in these markets," said Realtor.com senior economist Jake Krimmel. In Phoenix, 31.3% of home listings had price cuts in April 2025, while the Tampa metro saw 29.3% of home listings get price cuts. "Data from Realtor.com found that nationally, the share of active listings that carry a price reduction was at 16.7% in April – a figure that is elevated compared with historical trends but is actually lower than a year ago as prices trended toward an equilibrium."
Read the full story: These 5 cities are seeing big home price cuts
Home Prices, Demand on Downward Trajectory
The once-overheated housing market continues to cool as rising interest rates reduce demand.
'Starter' homes cost over $1M in 242 US cities
Once concentrated in coastal regions, cities with starter homes valued at over $1 million are now spread across 26 states.
Las Vegas-area development promises over 900 homes below market price
The master-planned Henderson community promises a variety of home types and parks, trails and other amenities.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California plans to bury El Niño’s downpour
If the state plays its cards right, it may be able to store a billion acre-feet of El Niño’s water in aquifers.
Chicago breaks ground on $3 billion megadevelopment
The new neighborhood, titled Foundry Park, will one day host 3,700 residences.
LA may place emergency ban on karaoke room permits
If Councilwoman Heather Hutt’s proposal passes, the moratorium would last between 45 days and one year.
City officials are dumping billions of gallons of sewage into the Chicago River
This year, the Racine Avenue sewage pumping station has poured over 10 billion gallons of sewage into the Chicago River.
Move over, LA: St. Louis gears up for Olympics, invests millions in downtown redevelopment
The Missouri city will host the 2028 Olympic soccer group stage and knockout matches.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
Hunter College, City University of New York (CUNY)
The Architects Foundation
University of Cincinnati Online
City of Cambridge
Montrose County
The Pocatello Development Authority