00:00 When it comes to home values, they were skyrocketing, but recently, with rising interest rates and
00:07 other factors, prices are starting to come down.
00:11 Here are a few of the metro areas where home prices have dropped significantly.
00:16 San Francisco has suffered the largest losses.
00:19 Redfin reports that total value lost in the city is $60 million.
00:24 Homes that sold from May to July suffered a 12.3% loss.
00:30 New York City is also taking a hit.
00:32 During the same time period, those who sold their home had a 5.9% loss.
00:38 But some metropolitan areas are not struggling.
00:42 In San Diego, only 1.1% of homes were sold at a loss during the same time period.
00:48 So for some areas, it doesn't seem all that bad.
00:51 (upbeat music)
