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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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Wasatch International Opportunities Fund Q1 2026 Commentary

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Hartford International Opportunities Fund Q1 2026 Commentary

Wasatch Global Investors is a 100% employee-owned investment manager founded in 1975 and headquartered in Salt Lake City, Utah. Named after the nearby Wasatch Mountain Range, the firm brings unparalleled experience to U.S. and international micro-, small- and mid-cap investing with a culture that emphasizes collaboration, excellence and intellectual curiosity. Wasatch Global Investors is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.

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NYC Puerto Rican Day Parade 2026 Draws Millions with Star Honorees, 5th Avenue Route and Cultural Celebration

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NYC Puerto Rican Day Parade 2026 Draws Millions with Star

NEW YORK — New York City will pulse with Puerto Rican pride on Sunday as the 69th annual National Puerto Rican Day Parade marches down Fifth Avenue, featuring a star-studded lineup of honorees, live music, colorful floats and cultural performances that highlight the community’s enduring strength and diversity across the diaspora.

The parade, themed “We Are More Than 100×35” (“Somos Más Que 100×35”), underscores the resilience of Puerto Rico’s 3.2 million residents and the more than 5.8 million people of Puerto Rican descent living in the United States. Organizers expect millions of spectators to line the route, transforming Midtown Manhattan into a vibrant showcase of heritage, activism and unity.

This year’s event, set for Sunday, June 14, beginning at noon, continues a tradition that began in 1958. Founded on principles of cultural awareness, education and justice, the parade has grown into the nation’s largest demonstration of Puerto Rican pride, drawing participants and visitors from across the country and beyond.

Parade Route and Street Closures

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The procession will travel along Fifth Avenue in Manhattan from 44th Street to 79th Street, spanning 35 blocks. Formation areas include sections of West/East 43rd through 48th Streets, with dispersal extending to East 79th through 85th Streets and surrounding avenues.

The New York Police Department will implement extensive street closures in Manhattan for public safety and crowd management. Affected areas include Fifth Avenue between 42nd and 86th Streets, Madison Avenue between East 42nd and 86th Streets, and multiple cross streets from 42nd to 74th. Motorists are advised to use alternate routes and expect significant delays throughout the day.

Public transit adjustments will also be in effect, with some bus routes rerouted and subway stations potentially crowded. Officials recommend using the MTA’s trip planner and arriving early for optimal viewing spots along the avenue.

Star-Studded Honorees and Special Dedications

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The 2026 parade boasts an impressive roster of honorees celebrating excellence in entertainment, public service, arts and sports. Daddy Yankee serves as Grand Marshal, bringing reggaeton energy to the festivities. Dayanara Torres is named Queen, while actor Anthony Ramos takes the role of King.

Lifetime Achievement honors go to musician Charlie Sepúlveda and Congresswoman Nydia Velázquez. Ambassadors include Lila Nikole, Elizardi “Eli” Castro, Papo Vázquez and Lilibeth Torres “La Boricualorian.” Additional recognitions feature JJ González as Trailblazer, Chef Iván Clemente as Hijo de Borinquen, and rising stars Camila Colón and Milton Dávila Jr.

Athletes of the Year are Jose Ortiz and Irad Ortiz Jr., with Los Rivas receiving Orgullo Puertorriqueño, Comité Noviembre as Community Champion, and Word Life (Facts is Facts) as Influencer of the Year. The celebration is dedicated to Vega Baja, Puerto Rico, and the Puerto Rican community of New Jersey.

Pre-parade events include the 152nd Street Cultural Festival, a Mass at St. Patrick’s Cathedral and a scholarship gala, building excitement throughout the week.

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Cultural and Historical Significance

The Puerto Rican Day Parade has evolved from modest beginnings into a major cultural institution. It serves not only as a celebration but also as a platform for advocacy on issues affecting Puerto Rican communities, from economic development to disaster recovery and political representation.

Participants typically include marching bands, dance troupes, community organizations, elected officials and corporate sponsors. Floats adorned with flags, traditional symbols and messages of pride create a visual spectacle, while bomba, plena and salsa music fill the air.

This year’s theme emphasizes that Puerto Rican identity transcends geographic boundaries, honoring contributions in arts, science, politics and everyday life. The parade fosters connections between island residents and the diaspora, strengthening cultural ties amid ongoing challenges like economic recovery and climate resilience.

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Community Impact and Viewer Tips

The event generates significant economic activity for local businesses while providing a powerful display of unity. For families, it offers an opportunity to introduce younger generations to their heritage through music, dance and storytelling.

Spectators are encouraged to wear comfortable clothing and sunscreen, stay hydrated and follow safety guidelines from organizers and police. Those unable to attend in person can watch live broadcasts on local television stations and streaming platforms. Post-parade festivities often continue in neighborhoods like Spanish Harlem and the Bronx.

Looking Ahead

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As the 69th parade unfolds, it reinforces New York City’s role as a global hub for Puerto Rican culture. Future events will continue adapting to contemporary issues while preserving traditions that have sustained the community for decades.

Organizers emphasize inclusivity and education, aiming to inspire civic engagement and cultural preservation. The 2026 edition promises to be a memorable showcase of joy, resilience and forward momentum for millions connected to Puerto Rican heritage.

The National Puerto Rican Day Parade stands as a testament to the enduring spirit of a people who have shaped American life in profound ways. On Sunday, Fifth Avenue will once again become a river of pride, color and celebration, reminding all who witness it of the rich contributions and unbreakable bonds of the Puerto Rican community.

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Evercore ISI maintains Lennar stock rating on margin outlook

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The Job That AI Was Supposed to Kill Needs More Humans Than Ever

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The Job That AI Was Supposed to Kill Needs More Humans Than Ever

Three years into training to be a court reporter, Jayne Williams is used to warnings that AI will soon take over her budding career. 

Few roles look more ripe for extinction at first glance. Automated transcription services are proliferating—and rapidly improving in accuracy. And more courtrooms are turning to real-time speech-to-text tools, often to fill in when a human stenographer isn’t available.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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JetBlue is betting big on Fort Lauderdale airport

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JetBlue is betting big on Fort Lauderdale airport

A JetBlue Airlines plane lands near the Air Traffic Control tower at the Fort Lauderdale-Hollywood International Airport on Oct. 7, 2025 in Fort Lauderdale, Florida.

Joe Raedle | Getty Images

JetBlue Airways is already the biggest airline in Fort Lauderdale, Florida, and it wants to get even bigger.

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“Lauderdale has been a star for us,” JetBlue President Marty St. George said this month about Fort Lauderdale-Hollywood International Airport.

Capitalizing on growth at the Broward County airport is key for JetBlue as it revamps its network and rolls out more high-end options like a domestic first-class cabin to return to profitability. Its last profitable quarter was two years ago.

JetBlue was looking to expand in Fort Lauderdale even before Spirit Airlines, the South Florida-based discounter that was No. 1 at the airport, collapsed on May 2 under the weight of debt and years of snowballing problems.

JetBlue is now the top carrier with 36% market share by capacity at the airport, according to a Cirium tally of 2026 capacity, up from about 24% a year earlier. From May to June of this year, JetBlue added 5% more capacity, while big competitors pulled back in the Florida offseason, according to Cirium.

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The carrier has about 106 flights scheduled a day for this year on average, up from about 68 a day last year, Cirium data shows.

Just hours after Spirit’s collapse, JetBlue and other airlines laid out their own travel plans, adding flights to fill the void at Fort Lauderdale.

JetBlue raised its revenue forecast for the year on June 1, citing strong demand.

“I’m feeling very, very bullish about how customers have responded to JetBlue’s growth,” St. George said.

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JetBlue says it’s planning for even more growth as additional gates become available after Spirit’s demise. Some of those gates are still tied up in bankruptcy court.

JetBlue’s plan is to operate about 150 daily flights at Fort Lauderdale in the peak winter months, which include Presidents Day weekend and some school breaks, a schedule that will put it on par with JetBlue’s Boston Logan International Airport hub, its largest after New York.

The plan includes more international destinations leaving from Fort Lauderdale and a focus on premium air travel.

St. George said the carrier has been reviewing sites for a lounge — which would be the third in its network — at Fort Lauderdale to cater to those customers. It already has lounges at New York’s John F. Kennedy International Airport and in Boston.

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“It is unclear right now where we would put a lounge,” he said. “The airport folks, I think, are equally motivated to have a lounge down there. Certainly, given the size of our operation and the number of premium customers going in and out of Fort Lauderdale, I think [it makes] a lot of sense, we just have to find the right location.”

The big competitive threat lies about 26 miles south, at Miami International Airport, an American Airlines hub that dwarfs Fort Lauderdale. Both airports, though Miami is much larger, are major hubs for leisure customers as well as those visiting friends and relatives in Latin America and the Caribbean.

“There’s a good number of customers for [whom] Miami is the right airport, who will never leave Miami, and we’re not planning on converting those customers,” St. George said. “I do think that as we get more service in Fort Lauderdale as a bigger breadth of destinations, that utility of Lauderdale Airport will go up.”

American on Friday said it plans to operate a record 100 destinations to the Caribbean, Mexico and other airports in Latin America from the U.S., with 77 of them leaving from Miami, including a new flight to Maracaibo, Venezuela, from July 14 and to Cap-Haitien, Haiti, starting Nov. 1.

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JetBlue, for its part, announced Fort Lauderdale to Caracas service recently, as carriers build up flights. American in January announced it would resume resume service to Venezuela from the United States for the first time since 2019, weeks after the U.S. captured Venezuela’s president.

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