Home values are now falling on an annual basis in three more major metros in the South and West, bringing the total to seven, as regional weakness in the housing market deepens.

San Diego , Miami and Phoenix all registered annual declines in sales prices for single-family homes in June, according to data from the S&P CoreLogic Case-Shiller Index released on Tuesday.

Those cities joined a growing club of cities for falling prices that includes Dallas , Denver , San Francisco , and Tampa , where home values had already turned negative as of May.

Nationally, home values rose 1.9% in June compared to a year ago, the slowest annual pace of growth since July 2023. But behind the national number was a stark divergence between regions, with prices rising in the No

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