Home prices see first year-over-year decline since 2012: Redfin

By Zach Halaschak

Published March 17, 2023 5:50pm ET

Home prices see first year-over-year decline since 2012: Redfin — Home sale signs are posted along Topanga Canyon road in Los Angeles, on Thursday, Oct. 19, 2023. Sales of previously occupied U.S. homes in September fell for the fourth month in a row, grinding to their slowest pace in more than a decade as prospective homebuyers grapple with surging mortgage rates and a near historic-low level of properties on the market. | (Richard Vogel/AP)

Housing prices dropped from February 2022 to last month, marking the first annual decline since 2012 and what could be a harbinger for bigger declines in the year to come.

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