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Housing Report

Katherine Farber

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A Decade After Housing Bust, Recovery Is a Story of Location.png

 

  • The median home value nationwide is 8.7 percent higher than it was at the height of the housing bubble.
  • Twenty-one of the top 35 metros have more than recovered from the bust. San Jose and Denver lead the recovery with huge gains, while Las Vegas, Orlando and Chicago have been the slowest to recover.
  • Nationwide, home values now are nearly equal to what they would have been had values continued along the pre-bubble trend without a bubble or bust.

A decade after the collapse of the housing market and start of the Great Recession, home values have more than recovered in most of the nation’s largest markets. The markets with the highest gains above the mid-2000s bubble are primarily in the West and Southwest.


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