US housing market weakness is growing: In June, HALF of the top 50 metro areas saw year-over-year home price declines. Austin, Texas, and Tampa, Florida, experienced the steepest drops of over -5%. They were followed by Miami, Florida; Dallas, Texas; and Orlando, Florida. By comparison, in May and April, 22 and 20 of the 50 major metros saw declining home prices. In November, just 7 of the 50 largest US metros recorded year-over-year price drops. Cracks in the housing market are beginning to show.