Home prices in 24 of the nation's top 200 housing markets have hit new peaks or are very close to their previous peak. According to projections and continued increases, economists say many of these cities are likely to hit new peaks this year. While dozens of housing markets are still far below their peak or where they stood prior to the housing bust in 2006, this is a good sign for the economy. This is the beginning of a long process, but a positive beginning stage and secure place for the market to be headed in the future.
http://www.usatoday.com/story/money/business/2013/05/04/house-price-gain-lifts-markets/2130811/
It's great to see that the housing market is recovering since the recession. There is still a lot of room for improvement in all of the markets. Hopefully, people have learned from the first housing crisis and will be able to avoid another housing bubble.
ReplyDeleteIt's always a positive to see any improvement in the housing market. While it may only make up a small portion of the economy, it showed how huge of an impact it has when the recession hit. Hopefully, this trend continues and we continue to see housing markets increase. We also need to make sure we can avoid another crisis and try not to make the same mistakes as we did before.
ReplyDeleteThis is a good sign for a housing market but could also be a warning one because prices were rapidly rising prior to the 2008 crisis. I am also curious to see whether home prices account for an overall increase in price level since the financial crisis.
ReplyDelete