Across U.S., Only One-Third of Home Prices Have Passed Pre-Recession Levels

Only one-third of homes in the United States have seen their value surpass pre-recession levels—despite chatter about price recovery, according to a report from Trulia. A number of averages measuring the U.S. housing market, from the S&P CoreLogic Case-Shiller Index and the FHFA Housing Price Index to sites like Zillow’s monthly median price, show the national housing market has met or exceeded its previous peak reached in 2007. But price recovery has been very uneven, with some cities like Las Vegas, Nevada, and Fort Lauderdale, Florida, seeing very little recovery at all, according to Trulia’s report released last week.

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Source: Mansion Global

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