Just one-third of U.S. homes are back to their values before the recession
Posted: Wed May 03, 2017 10:16 am
MarketWatch - 5/3/2017 - Andrea Requier - Most American homes are worth less now than they were before the recession, according to a report out Wednesday. Fresh data from real-estate website Trulia show that just 34.2% of homes have returned to the peak levels registered before the onset of the recession in 2008. What’s more, Trulia estimates it could take until 2025 for a true national recovery in home prices. “We are absolutely not out of the woods as far as home-value recovery is concerned,” Trulia’s chief economist, Ralph McLaughlin, told MarketWatch. “The housing-market crash was pretty monumental. The scarring of the housing market has not gone away and will be visible for the indefinite future.” Read more @ http://www.marketwatch.com/story/only-o ... 2017-05-03