Half of US Home More Valuable Now than Pre-Recession Peak

According to the June 2018 Zillow Real Estate Market Report, a decade after the U.S. housing market crashed, half of the country’s homes have regained the value they lost during the recession. Nationally, the median home value is $217,300, up 8.3 percent over the past year and 8.4 percent above the highest point of the housing bubble. The median home value has surpassed its bubble peak level in 21 of the nation’s 35 largest housing markets. In places that have seen some of the strongest growth since the market crashed, nearly every home is now more valuable than it was during the boom years.

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Source: World Property Journal