10 US Cities Where Home Values Are Up -- And 10 Where They're Down

[unblock]

Interesting article from Zillow. My takeaway is that house prices are going up mostly in blue areas and mostly down in red areas.

It seems to be a function of housing supply. Between tariffs, inflation, ice scaring away immigrant workers, sticky mortgage rates, and sellers not desperate to move, inventory has been low, with very little new construction.

They don't mention the red/blue distinction. Some of it is that the areas that have done really well for a long time are Florida and Texas, so whenever the market turns, it's going to affect those areas the most, they're the most volatile. And some of it is that new construction has been huge in those areas, and nearly are much in places like New England which is already quite built up.

So a slowdown in new construction affects those red areas more.

That said, I think some of it is that I haven't think people are starting to move from red states to blue states because of all the fascists.....


https://www.zillow.com/learn/home-prices-falling/

The strong sellers markets are:

Rochester, NY
Syracuse, NY
Buffalo, NY
Hartford, CT
Albany, NY
Springfield, MA
New York, NY
Grand Rapids, MI
San Francisco, CA
Buyers are calling the shots in:

Cape Coral, FL
North Port, FL
Miami, FL
Urban Honolulu, HI
McAllen, TX
New Orleans, LA
Deltona, FL
Jacksonville, FL
Austin, TX
Jackson, MS
Palm Bay, FL
Tampa, FL
Atlanta, GA
Knoxville, TN
Durham, NC

[cliffside]

1. Adding climate change as a reason ...

my daughter recently moved from SWF to New England, climate was a large factor.

[JI7]

2. Does anyone know why Honolulu ?

Maybe limited career opportunities ? Climate change ?

Will it make things more affordable for locals who have been struggling ?

[eppur_se_muova]

7. I notice they specify *urban* Honolulu for some reason -- no other city is treated the same.

So I'd guess it was something fairly particular about that area.

[JI7]

8. Maybe people that go to live there don't want an urban area

they are looking for more nature and away from city life.

I also wonder if work from home could be a thing with people being more free to get away from the city.

[ananda]

11. And I'm surprised about Austin.

I hope it means people are moving away.

[JI7]

12. I think with Texas it's people that moved there from California

and other liberal areas. I have been reading that some regret making the move.

[ananda]

14. Well, I can see why.

I don't know if demographics are changing here,
but I wouldn't be surprised if immigrants were
moving also.

[mwmisses4289]

19. Apparently texas is too conservative for cons from more liberal states.

Can't remember which local rag it was (Austin, I think?) talked to some cons who had moved to Texas from the west coast, and they were planning to move back west. Couldn't stand the weather, hated the food, and thought the people were awful.
Pretty bad when even other cons think you're awful.

[FHRRK]

26. Had a neighbor with similar experience

Moved to Dallas area, lasted three years and moved back to Southern Cal.


1. Cost of living. His wife keeps a detailed budget. Dollar savings by living in Texas, just over $300 a year.
2. Unacceptance from locals. From what church do you attend, what guns do you own, etc.

He was in CA for 35 years and thought he was fairly far right prior to living in TX.

[callous taoboy]

30. Yeah, well, good riddance to bad rubbish.

Austin used to be such a great city. There are still pockets left if you know where to find them.

[oasis]

22. I lived there just under 5 years. Noisy nights,

messy traffic, crowded with tourists.
We were constantly cleaning traffic soot from window screens.
Otherwise, a fabulous city.

[JustAnotherGen]

3. I believe it about Rochester

Bidding war on my parents' house. A realtor told us to wait a year after my mom died June 2024.

My parents built that house new in 1978 for $31K.

The money being offered for a dead end street on that size lot is insane.

[LeftInTX]

4. Austin overbuilt! Seriously, everytime I go to Austin there is a new skyscraper. I go about once a month!

They're still building them non-stop.

Maybe some of the northern states have slow downed on building in the last decade, so it's more of a seller's market?

[unblock]

5. They've been building like crazy since I first went there in the mid-80s.

[ananda]

13. A former bridge partner's son just built $5m condos downtown.

She showed me the area he was going to level and
then build on. It really pissed me off seeing the little
community houses being destroyed.

In one breath she thinks it's a shame that people
have to drive an hour or more to work here; and
in the other she's happy that her son is destroying
even more affordable housing.

With very rich people like that, they have no sense
of shame or irony.

[bucolic_frolic]

6. If southern states are emptying out maybe they should do a census

[unblock]

9. They only lie....

[JI7]

15. I wouldn't trust any census done under Trump

[Scrivener7]

10. Wow. That's pretty clear, isn't it?

[Melon]

16. Insurance rates are killing Florida and Texas

That and the home values rose so quickly that the property taxes are really high. But the insurance rates are crazy. Texas has hail and bad weather. Hurricanes in Florida.

[mwmisses4289]

20. Texas has hurricanes also.

Hugo, Ike, Harvey, Beryl...those are the first ones that popped into my head. Add in derecheos, tornados, and flooding thunderstorms...yikes.

[Melon]

24. I agree. But that is far south Texas. Places like Galveston.

But where the hurricanes are bad they have less hail. The hurricanes of course drive insurance but that is primarily right on the coast. I’m north Texas and I’d say our insurance has faired the worst with some insurers backing out. It’s hail. I’ve had 3 roofs in 12 years. Some of my neighbors are 4-5. You can count on bad hail over golf ball and up to tennis ball at least every 4 years. My insurance has tripled in the last 6 years and my coverage is worse.

[mwmisses4289]

25. Yeah, insurers seem to be pulling out all over.

Along the gulf coast, it's hurricanes and floods. Midwest, tornadoes. West coast, fires and earthquakes. It makes me wonder, what do they actual cover, since many states insist homeowners have insurance?

[markodochartaigh]

27. Hurricanes are obviously a problem in

Florida, but many insurance companies have been leaving because insurance fraud is an actual industry here.



https://news.fiu.edu/2022/the-big-reason-florida-insurance-companies-are-failing-isnt-just-hurricane-risk-its-fraud-and-lawsuits

https://www.bankrate.com/insurance/homeowners-insurance/florida-homeowners-insurance-crisis/#florida-homeowners-insurance-crisis-explained

On the other hand it seems that insurance companies have been lying about their profitability.

https://www.gulfcoastnewsnow.com/article/study-florida-insurers-paid-investors-billions-claiming-losses/63922799


Florida is a sunny place for shady people.

[Jspur]

17. I live in Durham and the value of my house dropped by 60,000 in

a year. I'm not upset about it since that means lower property taxes for me.

[Mark.b2]

18. Each year, the major moving companies (i.e. U-Haul, North American, Allied, etc.)...

release reports of where their customers have been moving from and to. I asked Grok to combine these migration reports and give me a summary. Here is a summary of that summary:

———-

Regional Shifts and Overall Findings
- Southeast Dominance: 75% of top moved-to cities are in the Sun Belt/Southern Appalachians (PODS); strong inflows to NC, SC, TN, GA for affordability and jobs.
- Western Exodus: CA leads outflows, with movers heading to TX, AZ, CO, NV (U-Haul metro data).
- Northeast Mixed: Gains in VT, RI, ME, CT; losses in NH, NJ, NY, MA—possibly lifestyle/climate draws vs. cost pushes.
- South/Midwest: AR, ID rise; LA, IL, SD decline, influenced by disasters/economy.
- Urban/Suburban Rebound: Mid-2025 shows return to large metros (e.g., Atlanta from FL; Austin from CA; Phoenix from LA) after pandemic rural shifts (U-Haul).
- High-Volume Hubs: CA (most moves overall), TX (2nd), FL (3rd) dominate total activity, often internal (HireAHelper).
- International: Limited data, but Atlas notes inbound from UK, Bahrain, China; outbound to Panama, India.

This combined view underscores a "normalization" of migration, with no major crashes but gradual shifts. For 2025 projections, easing rates may boost mobility. Check individual company sites for full details, as data is self-reported from customer moves
—-

This varies somewhat from the Zillow listings. For the last thirteen years, I’ve been Jacksonville 10-15 times a year. While Jax proper may have seen a drop in home prices recently, I wonder if Zillow is taking into account people moving out to the beaches (out of Jax city limits) and down south toward St. Augustine. I really dont think people are moving away.

[tishaLA]

21. California population growth: State just 9,000 residents short of record high

May 2, 2025 San Jose Mercury News.

[KentuckyWoman]

23. Bucking that trend

I live in a dark red spot in Ohio now. Country turning suburban. It is getting brutal here. New construction everywhere around but the prices are off the charts and just keep going up. Rentals are springing up too but that is off the charts as well. Even so. Occupancy is running 90+ percent. Home lots are preselling a year in advance of occupancy.

[intheflow]

28. I'm in Springfield, MA, and can witness!

Housing is nuts. 2 bed 1 bath starter homes on stamp-sized lots, built in the 1950’s, going for a quarter of a mill! Was talking to a woman the other day who works for Catholic Charities who said people are walking in and saying, “Thank God I made it to Massachusetts!” So a huge influx of people arriving from red states is adding to the mess, though, naturally, it’s not the domestic refugees themselves who are the problem, we welcome anyone fleeing tyranny.

[CTyankee]

29. My granddaughter moved to Austin from Boston.

She likes Austin. I have family roots in Austin, but I left Texas (Dallas) when I went east to college and never moved back, much to my mother's dismay and sadness. Leaving Texas in those days meant you were disloyal and it was widely frowned upon.

[TommyT139]

31. Sucks we have to pay more for civil rights.

Why are we even considered one country?