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| How Are Housing Markets Doing, Really? |
| By Suzanne De Vita |
Housing has made headway in the decade since the onset of the recession, but, according to a new report by Trulia, there is still room for improvement in the recovery. Approximately 34 percent of homes have values that exceed their peaks from before the recession, the report shows, despite many indicators, such as the S&P CoreLogic Case-Shiller Index, surpassing their own. Based on the lag in recovery, the report estimates 100 percent of homes will hit their pre-recession peaks by September 2025—or in another eight years. "While these measures are indeed a sign that the housing market has improved since the Great Recession, they are aggregate measures," writes Ralph McLaughlin, author of the report and chief economist at Trulia, of the indicators. ...
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Remember backyards? Those things we've been ignoring for the past four months? They're back!
