drive down a/the/(something's) price

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drive down a/the/(something's) price

To cause the price of something to decrease. I'm worried that having that dilapidated old building right next door has driven down my house price.
See also: down, drive, price
References in periodicals archive ?
California's system also drives down the price dairy farmers elsewhere get for milk used in cheese by about 50 cents per 100 pounds, Hughes said in a telephone interview.
The same debate has raged over agricultural commodities for years; farmers often claim that futures speculation drives down the price of the crop, while futures traders claim crop performance drives the price of the futures.
Across the freight transportation industry, fuel surcharges are expected to fall, as a moderating economy drives down the price of crude oil.
As more products become Internet-enabled and as Linux drives down the price of portable communications, Internet appliances, hand-held computers, multimedia digital products and others, ISDCorp's Royal Linux for ARM core-based processors will accelerate their availability," Wald concluded.
This flood, in turn, drives down the prices of fattening fare such as prepackaged snacks, ready-to-eat meals, fast food, corn-fed beef and pork, and soft drinks.