Whether a homeowner has regained the value lost during the housing bust is largely driven by how many nearby homes went through foreclosure.
- In most large markets, areas with the fewest foreclosures during the housing bust have recovered significantly more than areas with the most foreclosures, meaning communities that experienced the sharpest downturns a decade ago could find themselves confronting the next one still not yet fully recovered.
- The gap between high-foreclosure and low-foreclosure areas is especially noticeable throughout California and much of the Midwest.
- The median home value nationwide is 9.8 percent higher than it was at the height of the housing bubble.
PR Newswire
SEATTLE, Nov. 6, 2018
