U.S. Housing Prices Still Haven't Recovered from the Great Recession

While some cities become more and more expensive, most of the country's housing prices still haven't recovered from the great recession.

1 minute read

May 8, 2017, 1:00 PM PDT

By Casey Brazeal @northandclark

Steve Heap / Shutterstock

According to a study from Trulia, "[n]ationally, just 1 in 3 homes are worth more now than they were at their peak," Patrick Clark writes for Bloomberg. Many property owners are only too aware of the slowness of the recovery. "The high percentage of homes that have yet to recover their peak values shows that any talk of a housing bubble is premature.”

Also, the slow recovery may play a key role in a theme bedeviling local housing markets, “There were fewer homes for sale in March than at any point since 2012, according to McLaughlin," writes Clark. Many who may wish to sell are holding on to property seeing if markets change.

FULL STORY: Most U.S. Homes Are Worth Less Than Before the Crash

Wednesday, May 3, 2017 in Bloomberg

Housing United States Great Recession Housing Market Housing Prices Recovery Housing Bubble Housing Crash View More

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