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Where Has New Home Value Gone Down the Most in the Last Year?

The housing market had a strong year in the United States- but not everywhere. Find out here where home value dropped the most.

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Market’s Up, Values Down

The good news: The housing market has rebounded from the 2008 market crash, with the amount of apartment and housing building permits issued more than doubling over a decade and the U.S. housing market overall nearing its highest value ever, according to a recent ApartmentGuide.com study.

Still, the estimated value of new single-family construction in America actually decreased 7.9 percent between 2018 and 2019. On one end of the spectrum, there are value-rich cities such as Honolulu, where home values went up by a whopping 69 percent in 2019. The following 10 cities are experiencing the opposite—a dramatic drop in value which, the study posits, may prompt builders to construct smaller, more affordable homes.

Here are the 10 markets that experienced the biggest drop in new home value.

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Getty Images/ SeanPavonePhoto

#10: Tampa-St. Petersburg-Clearwater, Fla.

In the Tampa-St. Petersburg-Clearwater area, the average estimated value of a new single-family home dropped 34.7 percent in 2019.

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Getty Images/ ChrisBoswell

#9: Raleigh, N.C.

In Raleigh, the average estimated value of a new single-family home dropped 35.8 percent in 2019.

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Getty Images/ Jens_Lambert_Photography

#8: Huntsville, Ala.

In Huntsville, the average estimated value of a new single-family home dropped 37.5 percent in 2019.

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Getty Images/ RoschetzkyIstockPhoto

#7: Austin-Round Rock, Tex.

In the Austin-Round Rock area, the average estimated value of a new single-family home dropped 37.6 percent in 2019.

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Getty Images/ Sean Pavone

#6: Phoenix-Mesa-Scottsdale, Ariz.

In the Phoenix-Mesa-Scottsdale area, the average estimated value of a new single-family home dropped 39.1 percent in 2019.

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Getty Images/ Matthew Van Dyke

#5: Salisbury, Md.-Del.

In the Salisbury area, the average estimated value of a new single-family home dropped 43 percent in 2019.

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Getty Images/ rodclementphotography

#4: Atlanta-Sandy Springs-Roswell, Ga.

In the Atlanta-Sandy Springs-Roswell area, the average estimated value of a new single-family home dropped 44.7 percent in 2019.

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Getty Images/ DavieJones13

#3: Brownsville-Harlingen, Texas

In the Brownsville-Harlingen area, the average estimated value of a new single-family home dropped 47.9 percent in 2019.

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Getty Images/ pabradyphoto

#2: Dallas-Fort Worth-Arlington, Texas

In the Dallas-Fort Worth-Arlington area, the average estimated value of a new single-family home dropped 55.1 percent in 2019.

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Getty Images/ Art Wager

#1: Houston-The Woodlands-Sugar Land, Texas

In the Houston-The Woodlands-Sugar Land area, the average estimated value of a new single-family home dropped 66.1 percent in 2019.

Shawnna Stiver
Shawnna is a veteran lifestyle, marketing and news content writer, currently contributing to ecommerce companies in the parenting and babies space. She has had the pleasure of writing traditional, digital and social content for the following industries: beauty, consumer goods, entrepreneurship, financial services, health/wellness, home improvement/DIY, lifestyle, non-profit, parenting and self improvement. For a dose of positivity and to see innovative ways companies are doing good in the world, check out her website: www.kindco.org