Published November 29, 2022
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10 U.S. Markets Lost Value Year-Over-Year

In the third quarter of 2022, home prices declined Year-over-Year (YoY) on a ‘real’ (inflation-adjusted) basis in 10 of the 405 largest real estate markets nationwide.

In the previous quarter, 3 markets had annual home price declines.

Home prices in most markets continued their strong year-over-year price appreciation.


When you look at our Regional Report and our BRAND-NEW MONTHLY MLS data a different story starts to emerge.

The crazy-high appreciation many markets experienced during the pandemic came to an end for many markets; we’re even seeing month-over-month DECLINES now.

This is the most volatile (and exciting) time for real estate markets I’ve ever seen.

Fortunes will be made or lost in the coming quarters; some markets will do amazingly well; others will crash and burn.

If you don’t have or want a paid account (which shows you what’s happening down to the zip code and neighborhood level), then AT LEAST grab your free state-level account here. (You can track all 50 states and we update them quarterly for you at no charge).

The only accurate way to analyze and anticipate these local real estate market moves, especially in times like this, is with Technical Analysis (TA) and HousingAlerts.

‘Market Psychology’ will decide which markets are winners or losers, and only TA can track that driving force.

(See the entire list of declining markets below.)

In addition to the list of declining cities below, we also use our Advance-Decline (A-D) Indicator that aggregates and tracks Market Breadth.

‘Market Breadth’ is a technique used in Technical Analysis (TA) that attempts to gauge the direction of the overall market by analyzing the number of markets advancing relative to the number declining.

Changes in Market Breadth can act as early indicators for changes in the market cycle.

Here’s what the Year-Over-Year Advance-Decline
data looks like for the overall National market.

Advance-Decline Momentum Indicator vs Home Price Appreciation Chart Year-Over-Year 1976-2018

#1 – When the red chart line is inside the green zone it’s a bullish – or positive – outlook on the overall market.

#2 – When the red line is in the middle zone it’s telling us there is no strong bullish or bearish direction; you must rely more heavily on market-by-market selections.

#3 – When the red line is in the bottom (red) zone, it indicates substantial weakness in the overall market.

PRO level members can customize this Advance-Decline indicator for more granular insights.

Below is the list of cities with
declining Year-Over-Year home prices…

List Showing 5 U.S. Markets Lost Value Year-Over-Year
Even with this historic gain in home values, most of the so-called experts are still calling for a huge market crash, as they’ve been doing for YEARS now.

Eventually they’ll be right, just like a broken clock is right twice a day!

Had you followed their advice, you would have missed out on the biggest 1-year surge in real estate appreciation in modern U.S. history.

If and when any particular local real estate market starts to roll over and crash, you’ll be able to see it from a mile away inside HousingAlerts.

HousingAlerts is the most accurate LOCAL real estate market analytics on the planet, for 15 years running.

If your markets are on this list, DON’T panic!

ONE data point, whether it’s for a Quarter or a Year, doesn’t necessarily mean it’s time to buy, sell or hold… or do ANYTHING different, other than pay closer attention. That’s where Technical Analysis (TA) comes in.

TA is a 500 year old science to help predict future market swings. TA is used by every Wall Street investment bank and every global stock, bond, currency and commodities trading firm on the planet for TRILLIONS of dollars in DAILY trades.

We invented TA for local real estate
markets and have the most accurate local
market cycle predictions on Planet Earth

If you want to maximize your Investing, Wholesaling and Flipping profits while minimizing risk, capital and effort in ANY U.S. real estate market, you need to invest WITH the market. Come join us and enter the world of Intelligent Investing.


We have been rolling out some amazing new micro market tools for Wholesalers and Rehabbers. Our Neighborhood Ranking tool alone should save you thousands a month in targeted acquisition and lead generation costs. Click here to buy now.



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