---
title: "BREAKING: US new home prices are now down 20% from their highs, in bear market territory, and falling faster than rates seen in 2008, according to Reventure."
description: "New home prices peaked in late-2022 at $497,000 and have fallen to $401,000 as of the latest data.\nIn the financial crisis, new home prices dropped by 23% from 2007-2010, according to Reventure.\nUS Home prices are down roughly the same amount in just 1.5 years, or half the amount of time. Still, new home prices are ~20% above pre-pandemic levels and existing home supply is near record lows.\nIs the hashtag#us housing market beginning to crack?\nSource: The Kobeissi Letter, Re-venture"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [BREAKING: US new home prices are now down 20% from their highs, in bear market territory, and falling faster than rates seen in 2008, according to Reventure.](https://blog.syzgroup.com/syz-the-moment/breaking-us-new-home-prices-are-now-down-20-from-their-highs)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Mar 26, 2024, 10:04:08 AM

[View full post](https://blog.syzgroup.com/syz-the-moment/breaking-us-new-home-prices-are-now-down-20-from-their-highs)

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