US Housing Prices Fall in 36 Metros; Austin Leads Decline

Realtor.com data shows year-over-year price declines in 36 major U.S. metros in August, with Austin, Texas experiencing the largest drop. This signals continued cooling in the U.S. housing market, potentially reflecting higher mortgage rates and affordability constraints. The breadth of declines across major metros suggests a broad-based slowdown, which could weigh on consumer confidence and economic growth.