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5 housing markets where home price cuts are most common right now

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Trump says admin will lower housing costs, keep home values up

The housing market remains hot in much of the country, with rising prices creating affordability concerns for would-be buyers – though some markets are seeing sizable amounts of price cuts over the last month.

Data from Realtor.com found that nationally, the share of active listings that carry a price reduction was at 16.7% in April – a figure that is elevated compared with historical trends but is actually lower than a year ago as prices trended toward an equilibrium.

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Several markets across the Sun Belt and Mountain West regions have seen price cuts more frequently than the national average, the data showed.

“Put simply, homes are not moving in these markets,” said Realtor.com senior economist Jake Krimmel. “That’s down in part due to ample supply but also anemic demand at current prices and interest rates.”

ONE TYPE OF PROPERTY IS QUIETLY SAVING AMERICANS THOUSANDS OF DOLLARS

Home with a "for sale" sign

Price cuts for listed homes have declined nationally in the last year but remain elevated, including in some major metro areas. (iStock/Getty Images Plus)

Two of the metro areas also led Realtor.com’s report about major markets with price cuts in April 2025, as Phoenix and Tampa had 31.3% and 29.3% of listings with price cuts last year, respectively.

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“Why are these metros continually topping this price cut list? It’s likely part unrealistic expectations and part wishful thinking, but price reductions do mean sellers are getting the message loud and clear,” Krimmel said.

Here’s a look at the five housing markets where price reductions were the most prevalent in April.

THESE 8 US HOUSING MARKETS FAVOR BUYERS

Phoenix-Mesa-Chandler, Arizona

Homes under construction with mountains in the background.

Phoenix led the list of metro areas with price cuts. (Mario Tama/Getty Images)

  • Share of listings with price cuts: 29.1%
  • Change year-over-year: -2.2 percentage points
  • Median list price: $499,000

Tampa-St. Petersburg-Clearwater, Florida

Tampa, Florida skyline

The skyline of downtown Tampa, Florida. (Joe Sohm/Visions of America/Universal Images Group via Getty Images)

  • Share of listings with price cuts: 25.13%
  • Change year-over-year: -4.2 percentage points
  • Median list price: $406,500

CALIFORNIA BUILT MORE HOMES THAN PEOPLE OVER SIX YEARS – SO WHY IS HOUSING STILL SO TIGHT?

San Antonio-New Braunfels, Texas

SAN ANTONIO, TEXAS - DECEMBER 11, 2018: A skyline view in downtown San Antonio, Texas. (Photo by Robert Alexander/Getty Images)

San Antonio, Texas, had the lowest median list price among the metros with the most list price cuts. (Robert Alexander/Getty Images)

  • Share of listings with price cuts: 24.95%
  • Change year-over-year: -0.7 percentage points
  • Median list price: $324,700

Denver-Aurora-Centennial, Colorado

Denver, Colorado, with a mountain in the background.

The skyline of Denver, Colorado. (iStock)

  • Share of listings with price cuts: 24.35%
  • Change year-over-year: -2.8 percentage points
  • Median list price: $587,000

Portland-Hillsboro-Vancouver, Oregon and Washington

Portland, Oregon

The Portland, Oregon, metro area – which includes Vancouver, Washington – made the top five list. (iStock)

  • Share of listings with price cuts: 24.04%
  • Change year-over-year: 0.7 percentage points
  • Median list price: $579,750

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7 Industrial Stocks to Buy and 1 to Avoid

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7 Industrial Stocks to Buy and 1 to Avoid

7 Industrial Stocks to Buy and 1 to Avoid

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Bangkok and Tokyo Launch Joint Tourism Campaign

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Bangkok and Tokyo Launch Joint Tourism Campaign

Bangkok and Tokyo are enhancing tourism cooperation with a reciprocal campaign showcasing attractions across major transit networks, aiming to boost tourism awareness and strengthen ties between the two capitals.


Key Points

  • Bangkok and Tokyo are enhancing collaboration through a mutual tourism promotion campaign, leveraging public transportation and digital platforms to raise awareness and strengthen ties between the two cities.
  • Bangkok’s campaign will run in Tokyo during early June, featuring attractions in high-traffic areas like Shimbashi and Shinjuku stations, as well as on Toei Subway trains.
  • Concurrently, Tokyo’s promotions in Bangkok are displayed on BTS Skytrain LED screens and Smart Bus Shelters, increasing exposure to both cities’ tourism offerings, facilitated by a partnership between the Bangkok Metropolitan Administration and the Tokyo Metropolitan Government.

Bangkok and Tokyo are expanding cooperation through a reciprocal tourism promotion campaign that showcases both cities across major public transportation networks and digital advertising platforms. The project is expected to help increase tourism awareness while encouraging closer ties between the two Asian capitals.

Throughout the first half of June, Bangkok’s tourism campaign is being displayed at several high-traffic locations in Tokyo, including Shimbashi, Hibiya, and Shinjuku stations, as well as on advertising media inside Toei Subway trains. The campaign introduces Tokyo residents and visitors to attractions and experiences available in the Thai capital.

Tokyo’s tourism campaign is, at the same time, being promoted across Bangkok through BTS Skytrain pillar LED displays, more than 100 Smart Bus Shelter screens, BMA Q screens at all 50 district offices, and the city’s official social media channels. The campaign gives Bangkok residents and visitors greater exposure to Tokyo’s tourism offerings.

The exchange is being conducted through a partnership between the Bangkok Metropolitan Administration and the Tokyo Metropolitan Government, showcasing the distinct identities of both cities while promoting tourism and expanding cooperation between Bangkok and Tokyo.

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Source : Bangkok and Tokyo Launch Joint Tourism Campaign

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Oil extends losses as Trump calls off planned strikes on Iran

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Oil extends losses as Trump calls off planned strikes on Iran


Oil extends losses as Trump calls off planned strikes on Iran

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Parna flags $38m hotel in Victoria Park

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Parna flags $38m hotel in Victoria Park

A vacant corner lot in Victoria Park has been earmarked for a $38 million hotel, which would add almost 150 rooms to the area.

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RH (RH) Q1 2027 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q1: 2026-06-11 Earnings Summary

EPS of -$1.97 beats by $0.10

 | Revenue of $800.33M (-1.67% Y/Y) beats by $7.94M

RH (RH) Q1 2027 Earnings Call June 11, 2026 5:00 PM EDT

Company Participants

Gary Friedman – Chairman & CEO
Jack Preston – Chief Financial Officer

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Conference Call Participants

Allison Malkin – ICR Inc.
Steven Forbes – Guggenheim Securities, LLC, Research Division
Michael Lasser – UBS Investment Bank, Research Division
Simeon Gutman – Morgan Stanley, Research Division
Maksim Rakhlenko – TD Cowen, Research Division
Brian Nagel – Oppenheimer & Co. Inc., Research Division
Zachary Fadem – Wells Fargo Securities, LLC, Research Division
Jonathan Matuszewski – Jefferies LLC, Research Division

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Presentation

Operator

Hello, and welcome to the RH First Quarter Fiscal 2026 Earnings Call. [Operator Instructions]

I would now like to turn the conference over to Allison Malkin of ICR. Allison, please go ahead.

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Allison Malkin
ICR Inc.

Thank you. Good afternoon, everyone. Thank you for joining us for our first quarter fiscal 2026 earnings call. Joining me today are Gary Friedman, Chairman and Chief Executive Officer; and Jack Preston, Chief Financial Officer.

Before we start, I’d like to remind you of our legal disclaimer that we will make certain statements today that are forward-looking within the meaning of the federal securities laws, including statements about our outlook of our business and other matters referenced in our press release issued today. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially. Please refer to our SEC filings as well as our press release issued today for a more detailed description of the risk factors that may affect our results. Please also note that these forward-looking statements reflect our opinions only as of the date of this call, and we undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events.

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Also, during this call, we may discuss

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Should You Buy the SpaceX, OpenAI, and Anthropic IPOs? Money Pros Weigh In.

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Should You Buy the SpaceX, OpenAI, and Anthropic IPOs? Money Pros Weigh In.

Three blockbuster initial public offerings are in the works, as SpaceX, OpenAI, and Anthropic prepare to sell shares to the public —and retail investors want in. Financial advisors say they are increasingly fielding questions about IPOs, often from clients who haven’t considered whether they are actually a good value. For this week’s Barron’s Advisor Big Q, we asked a panel of professionals how they are responding.

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Matador Resources Company (MTDR) Shareholder/Analyst Call – Slideshow

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Matador Resources Company (MTDR) Shareholder/Analyst Call – Slideshow

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Asia stocks surge on US-Iran peace hopes, tech rebound

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Asia stocks surge on US-Iran peace hopes, tech rebound

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Mark My Words June 12 2026

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Mark My Words June 12 2026

Mark Pownall is joined by Sean Cowan, Tom Zaunmayr and Isabel Vieira to discuss Pauline Hanson, Port Hedland industrial action, Native title consultants, Indigenous business and the Power 500.

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Expeditors International of Washington, Inc. (EXPD) Discusses Changes and Key Trends in the U.S. and North American Trucking Market Prepared Remarks Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Samantha Hurst
Regional Sales & Marketing Manager for Mid-Atlantic

Hello. Good afternoon, everyone. Thank you so much for joining us. We are just hitting the top of the hour. So we are going to get started because if you’ve ever joined one of these Expeditors events before, you know we typically have quite a bit of content to cover, and today is no exception. So you are joining us for our trucking and transition webinar. We’re going to focus today on what’s changing in the U.S. trucking and honestly, North America market and why that matters to you and your business. So we’re going to go into a little bit of housekeeping today.

My name, by the way, is Samantha Hurst. I’m the one you get the e-mails reminding you that you have signed up for this event. And if you have any questions in the background or technical difficulties, we’re going to drop a few hints here in the chat in just a moment on some things we know people commonly have issues with like echoes of my voice, if you’re hearing that, I’m very sorry. But we’ll give you some hint on how to fix that. And then we will go into introductions of our speakers.

So Angi, you were right to go to that disclaimer. That’s the first thing I want to talk about for everyone. Understand we are not legal experts. We cannot give you advice that should be relied upon from a legal business or financial decisions. We are here

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