The U.S. housing market is finally starting to cool down, and for many people across the country, that could mean good news. Surprisingly, four major cities in Texas are now among the top 10 U.S. cities where home prices are dropping the fastest, according to a recent Daily Mail report.
For anyone who’s been waiting for home prices to fall—this might just be your moment.
A Look Back at the Boom
Just a few years ago, it was nearly impossible to find a good house or apartment in many places, including Wichita Falls, Texas. I remember when a new co-worker at the radio station struggled for weeks to find an apartment here. It got so tough that he even considered moving to a smaller town nearby and commuting every day. That’s how tight the housing market was.
Compare that to when my wife and I bought our house in 2013. It was easy. Every neighborhood had multiple listings, and prices were reasonable. Fast forward to today, and our home is worth twice what we paid. That sounds good—until you realize we’re stuck paying higher property taxes every year because of it.
Signs of a Cooling Market
In recent months, I’ve noticed more and more “For Sale” signs appearing around town. That’s usually a clear sign the market is shifting. When more homes are up for sale and fewer people are buying, it’s no longer a seller’s market—it becomes a buyer’s market.
But even with falling prices, many buyers are still holding back. Why? Because of ongoing fears about a possible economic recession, high interest rates, and job market uncertainty.
Top 10 U.S. Cities Where House Prices Are Falling Fastest
The Daily Mail recently shared the latest list of cities where housing prices are crashing the fastest. Texas dominates the list, with four cities making the Top 10.
Here are the top cities:
- Jacksonville, FL
- San Antonio, TX
- Montgomery County, PA
- Oakland, CA
- Austin, TX
- Portland, OR
- Dallas, TX
- Sacramento, CA
- Orlando, FL
- Fort Worth, TX
What Does This Mean for Texas Homeowners?
If you already own a home in one of these cities, it might not feel like great news. Falling home prices can be scary if you were planning to sell soon. But for those who’ve been saving up to buy their first home, this shift can finally offer better deals and more choices.
Just remember, timing is everything. If you’re thinking of buying, do your research, keep an eye on interest rates, and don’t rush into a decision. The market may be cooling, but confidence still matters—especially in uncertain economic times.