Its precipitous decline reflects growing concerns over recent trade policies.

Thriving home values in these markets likely reflect easy access to jobs, culture and a high quality of life.

Another growing phenomenon: last-minute home sale cancellations.

However, high levels of delivery each exceeding 5,000 units continued in Dallas, Phoenix, and Austin.

Investor views of the current market dipped by seven points, and the outlook for the future slumped 10 points.

Average office utilization has been flat over the past two years, with just 54% attendance.

Rents could rise if the added construction costs from new tariffs suppress apartment supply.

Tariffs are cutting across geographic regions and local regulatory environments.