According to Realtor.com I read that 31 out of the 50 largest US markets have reached the same level of pricing as in 2006. This time without predatory lenders.
There are several markets that are still well below that mark. All out west, Tuscan, Las Vegas and Riverside CA are all at least 20% below 2006 levels.
This time around we can feel more secure knowing that these prices have been achieved without the interference of subprime loans inundating the market or over extended investors trying to make a fast buck.