New data released by Zillow shows that lower-priced homes are recovering their value more slowly than higher-priced homes. More than half of the homes in the country—53 percent—haven’t regained what they were worth at the peak of the housing bubble in 2007. CoreLogic reports that one in 20 mortgaged homes is still worth less than the mortgage owed on it.
Advertisement
Related Stories
Townhomes
Townhome Construction Gains in Popularity as Buyers Seek Medium-Density Housing
Townhouses made up 18% of single-family housing starts during Q1 2024
Housing Markets
5 Housing Markets That Would See a Drastic Increase in Homeownership if Mortgage Rates Dropped
Spokane, Wash., would experience an 11.4% increase in affordability if rates dropped to 6%
Housing Markets
Spring Housing Markets: Which Markets Saw the Most Appreciation, and Which Saw the Least?
Florida metros saw the weakest appreciation of all housing markets in the US