nother measure of the strength of the housing recovery has found that April prices have pushed 14 major markets, including Omaha, Denver and Pittsburgh, over the peak prices they reached during the housing boom. Four, all in Texas, have reached new price levels twice as high as their previous peaks.
According to a new Rebound Report by Homes.com which is based on the site’s Local Market Index, a price performance summary on repeat sales of properties in the U.S. utilizing home pricing data from several sources. The April Local Market Index found that single-family properties gained in all of the top 100 markets, improving from previous reporting periods.
The 14 markets that have made more than a 100 percent rebound are an increase from nine that topped their peak values in March. With the exception of Denver and Pittsburgh, the markets that have exceeded their peak values are in the South, Southwest or Midwest. All of the markets that have doubled their peak values are in Texas. Most of them experiences price increases during the boom lower than the national median.
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