The Housing Chronicles Blog: CoreLogic: Most U.S. housing markets have returned to peak levels not seen since before Great Recession

Friday, March 9, 2018

CoreLogic: Most U.S. housing markets have returned to peak levels not seen since before Great Recession

The team at CoreLogic recently came out with a report covering the housing market from the Great Recession:

"Residential home prices began to peak in some parts of the country as early as 2005. Home prices collapsed in 2007, when Wall Street began to back out of residential mortgage-backed securities. 


After falling 33 percent during the recession, prices in most markets have returned to peak levels, growing 51 percent nationally since bottoming out in March 2011.

The average home price is now 1 percent higher than it was at the peak in 2006, and the average year-over-year home equity gain was $14,888 in the third quarter of 2017. This indicates the housing market has widely recovered."

READ MORE

No comments: