In this episode, we break down the latest data from Redfin’s Home Price Index, which shows U.S. home prices slipped 0.1% in April—the first monthly decline since September 2022. Host Matt Myre unpacks what’s behind this shift, from cautious buyers and recession fears to rising inventory and stalled sales. While annual price growth is still up 4.1%, it’s the slowest increase in nearly a year. We also explore which metro areas saw the biggest drops—and the surprising markets where prices are still rising. Tune in for a sharp look at what this softening means heading into peak season.

Learn more about your ad choices. Visit megaphone.fm/adchoices