Housing Boom Fails to Lift All Homes Above Previous Cycle’s Peak – The Wall Street Journal


The housing boom of the past two years propelled U.S. home prices to record highs throughout the country. But in hundreds of cities, the red-hot market hasn’t yet brought back prices to where they stood about 15 years ago.

Prices fell so hard during the subprime crisis or climbed back so gradually in these cities that the current buying wave is only beginning to make even a homeowner who bought there during the last boom.