US Housing Prices Show Limited Gains Amid Rising Supply, Multiple Metro Declines

The U.S. housing market in 2025 shows signs of cooling, with year-over-year home price gains shrinking to just +0.4% nationally and 18 out of 33 large metropolitan areas experiencing price declines, including major cities like San Diego, Austin, and Miami. This slowdown is reflected in smaller month-to-month price increases during the spring selling season compared to previous years, attributed to waning demand and rising inventory. Meanwhile, Lawrence, Massachusetts, ranks as the seventh most expensive city to live in America for 2025-2026, with a median home value above the national average, highlighting regional disparities in housing costs. Contrastingly, Gary, Indiana, once known as 'America's Most Miserable City,' is undergoing a dramatic property boom with median home prices rising sevenfold over a decade, driven by investor interest in low-cost, renovation-heavy properties amid a nationwide housing shortage. In Newcastle, UK, affluent areas like Graham Park Road in Gosforth command high property prices, demonstrating localized market strength. Lastly, a historical perspective from Sydney, Australia, reveals a 5000% increase in home prices over 50 years, vastly outpacing wage growth and illustrating the long-term trend of housing affordability challenges.