There is no doubt that the housing market has recovered from the meltdown that occurred just a few short years ago. However, in some states home values still have not returned to the prices we saw in 2006 and 2007. Here is a breakdown showing where current prices are in each state as compared to peak prices.
My state of WI, is down 10.8%.
Kristin
Great information . . . .
By 2006 -2007 the real estate market was driven by investors, not consumers. So in essences the prices did not reflect true market value. a Truer picture of real estate value would go back to 2002 - 2003 before the real estate investors created a false demand.
Good luck and success.
Lou Ludwig
Katerina Gasset
Provo, UT
Kathy Streib
Cypress, TX
Kristin Johnston - REA...
Waukesha, WI
Kristin- very interesting information and I think that Lou makes a very good point.
Kristin Johnston - REA...
Waukesha, WI
Thanks for sharing these very interesting statistics.
Kristin Johnston - REA...
Waukesha, WI
It is good to hear that the housing market is slowly recovering. However, it makes me wonder why some states ate not returning to the real market value.
Kristin Johnston - REA...
Waukesha, WI
Kristin, Thank you for sharing. I hope the market will continue to improve.
Kristin Johnston - REA...
Waukesha, WI
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