U.S. Home Prices Fall for First Time Since 2012

U.S. home prices — for the first time in a decade — are falling, Bloomberg reports.

“A national measure of prices in 20 large cities fell 0.44% in July, the first drop since March 2012… The last real estate crash ended in 2012, ushering in 10 years of price gains, capped off by the two-year pandemic buying frenzy.”