Home prices plunged during the Great Recession, with some areas seeing prices drop by 33% between April 2006 and March 2011. But most markets have seen major recoveries since.
Western housing markets have seen the strongest recoveries, according to a new analysis from SmartAsset, a personal finance site. All five of these market metro areas have seen their home prices more than double since they bottomed out during the recession. The markets with the strongest recoveries have been Boise, Idaho; San Francisco-San Mateo-Redwood City, Calif.; San Jose-Sunnyvale-Santa Clara, Calif.; Seattle-Bellevue-Kent, Wash.; and Denver-Aurora-Lakewood, Colo.
Source: “Where the Housing Market Has Recovered the Most and Least—2020 Edition,” SmartAsset (Jan. 27, 2020)
