Major U.S. housing markets are moving in different directions as local supply and economic conditions influence home-price trends. Chicago and San Francisco homes are showing stronger price appreciation, while markets such as Dallas and Phoenix continue to adjust from the pandemic-era boom. All metro areas face the pressure of elevated borrowing costs. The average 30-year mortgage rate rose from approximately 6.5% in June 2026 to 6.7% in August 2026. Nationally, home prices increased 2.5% year over year in June. The latest VeroFORECAST projects appreciation to moderate to 1.1% through June 2027, though the direction and degree of that moderation will differ among local markets.
In a new quarterly series from the RiskWire Webcast, Veros provides housing trends and economic conditions for seven major metropolitan areas: Chicago, Dallas, Los Angeles, Miami, Phoenix, San Francisco, and Washington, D.C. Each video opens with the national outlook, then focuses on a specific metro, exploring home prices, housing supply, labor-market conditions, migration, and the latest VeroFORECAST projection.
Choose a metro housing market to explore:
- Chicago-Naperville-Elgin, IL-IN
- Dallas–Fort Worth–Arlington, TX
- Los Angeles–Long Beach–Anaheim, CA
- Miami–Fort Lauderdale–West Palm Beach, FL
- Phoenix–Mesa–Chandler, AZ
- San Francisco–Oakland–Fremont, CA
- Washington-Arlington-Alexandria, DC-VA-MD-WV
For ongoing economic updates and housing market insights, visit RiskWire.com! You can also find RiskWire: On the House on Apple Podcasts, Spotify, and YouTube Podcasts.
