A Quarter of Markets Still Shy of Pre-Recession Levels
September 17, 2019
Many markets have seen significant price recoveries since hitting their bottom values in the housing crisis, but a quarter of markets still have not fully recovered, according to HSH.com’s latest Home Price Recovery Index. The index examines the home values of the top 100 metro areas from 1991 through the second quarter of 2019.
“Despite years of economic expansion and improving real estate markets, a quarter of the nation’s most populated metro areas have still not seen values attain previous highs,” researchers note. “Even if gains in value accelerate, some markets seem unlikely to reach recovery in the current economic and housing cycle.”
Home prices have started to cool over the recent quarter. Still, even with the cooling prices, more markets should still make enough value gains to push them into fully-recovered territory before the end of the year, notes Keith Gumbinger, vice president of HSH.com, in an article on the index findings.
The following charts from HSH.com show the 10 metro areas that have recovered the most and least.
On the other hand, these are the 10 metros that have recovered the least.
“Home Price Recovery Index: Which Metros Have Improved the Most, Least?” HSH.com (Sept. 10, 2019)
Updated: October 18, 2019