Still, home prices are about 7 percent below
peak values nationally, Kiefer notes.
Not exact matches
And finally, the collapse in housing prices was so severe —
nationally, residential real estate fell by over one third in
value,
peak - to - trough — that it would take at least a 50 % jump just to restore prices to the nutty levels they achieved in 2006.
With U.S. home
values having fallen by more than 20 %
nationally from their
peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth.
Dividing homes into tiers based on how much they're worth, only 47 percent of homes
valued in the bottom third
nationally had returned to their prior
value peaks by August, while 52.5 percent of the middle third and 53.8 percent in the top third had bounced back.