Home prices are dropping in some regions of the U.S. Here’s where.

The U.S. housing market remains tight with high prices and limited inventory, but some regions, especially in the South and West, are seeing modest price declines. Cities like Austin and Miami have experienced significant drops due to increased inventory and construction. In contrast, the Northeast and Midwest face persistent high prices and low inventory, partly due to stricter building regulations, keeping prices elevated despite slight recent decreases.