Most expensive home prices ever

rising home pricesWould you believe that markets now exist in the U.S. where home prices have increased to a level that is now higher than their peak bubble highs? More surprisingly is the number of markets that find themselves at or near their bubble highs.

According to a report release today by Zillow 527 cities that experienced home value declines of 10% or more are now at, or close to, their peak prices.

From the report…

Declines in home values experienced during the recession have already been, or are close to being, erased in almost 20 percent of metro housing markets nationwide as values continue to rise.

See Zillow’s Home Values in More Than 1,000 U.S. Cities Expected to Be More Expensive than Ever Within the Next Year for the full release.

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About Guy Johnson

I am a licensed Nevada REALTOR® (lic.# S.0075262.LLC) living and working in fabulous Reno, Nevada. I cover Reno, Sparks, Incline Village, Carson City, and beyond. Give me a call at 775-722-4011 and I will be happy to assist you with your real estate needs. I'm your Guy!
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2 Responses to Most expensive home prices ever

  1. It’s so nice to see we’re finally recovering from the crash that caused so many people to lose tens of thousands or even hundreds of thousands of dollars in equity. Hopefully now people can start selling their homes with confidence again.

  2. Avatar Walter says:

    “Would you believe that markets now exist in the US where home prices have increased to a level than is now higher than their peak bubble highs?”

    Reno sure as hell is not one of these markets. By the time Reno housing prices increase to where they were at the Reno bubble high, just in nominal terms, will be years and years from today. They may never increase to where they were at the bubble high, inflation adjusted. But if they do, by then Guy Johnson will be an old man and long retired from the real estate business and this blog.

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