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Home Prices Back at Peaks in Some Areas USA
Topic Started: 31 Dec 2013, 10:41 AM (675 Views)
peter fraser
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Home Prices Back at Peaks in Some Areas
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Home prices have zipped back into record territory in a handful of American cities, a milestone that comes seven years after the housing bust ravaged the market and the broader economy.

Values are up more than 13% from their 2007 high in Oklahoma City and by more than 6% in the Denver metro area. Prices are back to all-time highs in 10 of the nation's 50 largest metropolitan areas, according to a Wall Street Journal analysis of price data from Zillow, an online real-estate information service. Prices are within 5% of their previous peak in San Jose, Calif.; Nashville, Tenn.; and Dallas.

Prices nationally remain below the highs of the past decade, and many of the cities that have seen the biggest gains largely escaped a boom and bust.

Home prices in some parts of the country that did experience a bust have benefited from low supplies of homes for sale and historically low interest rates that have boosted prices—and sparked concerns that prices could again be overvalued.

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Any expressed market opinion is my own and is not to be taken as financial advice
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Massive
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an interesting chart recently came across

http://www.nytimes.com/interactive/2011/05/31/business/economy/case-shiller-index.html?_r=0
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HardTruths
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peter fraser
31 Dec 2013, 10:41 AM
Home Prices Back at Peaks in Some Areas
Link

Home prices have zipped back into record territory in a handful of American cities, a milestone that comes seven years after the housing bust ravaged the market and the broader economy.

Values are up more than 13% from their 2007 high in Oklahoma City and by more than 6% in the Denver metro area. Prices are back to all-time highs in 10 of the nation's 50 largest metropolitan areas, according to a Wall Street Journal analysis of price data from Zillow, an online real-estate information service. Prices are within 5% of their previous peak in San Jose, Calif.; Nashville, Tenn.; and Dallas.

Prices nationally remain below the highs of the past decade, and many of the cities that have seen the biggest gains largely escaped a boom and bust.

Home prices in some parts of the country that did experience a bust have benefited from low supplies of homes for sale and historically low interest rates that have boosted prices—and sparked concerns that prices could again be overvalued.

Read More here
Wow!!!! Oklahoma City and Denver! Fantastic! Oh, and Palo Alto where Chinese kleptocrats are buying with cash!

Party times are here again.

Massive
31 Dec 2013, 01:22 PM
That is an awesome chart.
Edited by HardTruths, 31 Dec 2013, 02:20 PM.
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skamy
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Hey Hard Truth did you ever buy in the US as you said you were going to? How is it going?
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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HardTruths
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skamy
31 Dec 2013, 02:23 PM
Hey Hard Truth did you ever buy in the US as you said you were going to? How is it going?
When did I say I was going to buy in the US?

Are you hallucinating again?
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newjez
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skamy
31 Dec 2013, 02:23 PM
Hey Hard Truth did you ever buy in the US as you said you were going to? How is it going?
That one didn't even pass muster in the great escape. Come on Skamy!
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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