As of June, 142 U.S. markets, or 47 percent of the top 300, have achieved full pricing recovery, according to homes.com’s David Mele, in an article on HousingWire.
Southern markets continue to dominate the recovery with 23 of the top 100 markets. The Midwest is second with 11 markets. Two or three markets are added each month to the list of places that have seen full recovery.
Homeowners now have restored the equity they need to sell property, while buyers can find application and security in the following years. Real estate and mortgage professionals now have a better understanding of valuation trends in their markets.
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