Mid‑tier single‑family home prices drop 11%‑26% across 16 U.S. markets
Wolf Street reports that mid‑tier single‑family home prices fell 11% to 26% seasonally adjusted in 16 major U.S. cities and counties through September 2026 compared with their prior peaks . Wolf Street notes that 14 of those markets peaked in mid‑2022 while two peaked in 2024 . Wolf Street lists the steepest declines as Austin, TX at 26% from its 2022 peak, Oakland, CA at 23%, and New Orleans, LA at 20%, with other markets ranging down to 11% declines . Wolf Street points out that Texas appears three times on the list, with Austin showing the largest drop . Wolf Street adds that San Francisco’s housing market is unusually volatile as AI‑related investment money spills into it .
Why it matters. Wolf Street says the affordability crisis in these markets has softened a little as prices fall .