Home prices up annually but monthly gains continue to ease
Kyle Schoenmaker of Rocket Pro says today’s market requires brokers to stay curious, explore lending options, and find creative solutions for clients navigating affordability challenges.https://t.co/zenUg2h1JU
— Mortgage Professional America Magazine (@MPAMagazineUS) September 11, 2026
Regional divides: St. Louis surges, Texas stumbles
Metro-level results tell a more fractured story. St. Louis posted the largest month-over-month gain in August at 1.1%, followed by Pittsburgh at 1% and a cluster of cities — San Antonio, San Jose, and Baltimore — each up 0.9%.
At the other end, Austin and Charlotte each fell 0.7% month over month, the steepest declines among major metros. Both markets carry significantly more sellers than buyers.
Milwaukee, Warren (Michigan), and Fort Lauderdale each dropped between 0.5% and 0.6%.
Year-over-year figures show San Francisco leading all major metros at 12%, followed by West Palm Beach at 10.4% and Chicago at 9.2%.
Texas remains a persistent soft spot: Dallas posted the sharpest annual decline nationally at -1.4%, with Austin (-1%), Fort Worth (-0.7%), San Antonio (-0.4%), and Seattle (-0.1%) also in negative territory.
