10 Housing Markets Still Struggling After the Recession

Photo by Billion Photos / Shutterstock.com

It’s been nearly a decade since the Great Recession took hold in the U.S., but its effects are still lingering in housing markets across the country.

According to real estate site Trulia, just a little more than a third (34.2 percent) of U.S. homes have surpassed their pre-recession peak value.

“What’s more, the geography of the housing market recovery has been uneven,” Trulia explains.

For example, homes in markets such as Denver and San Francisco have nearly reached their pre-recession peak while the vast majority of housing prices in cities such as Las Vegas and Fort Lauderdale, Florida, have yet to recover.

Trulia compared current home values to pre-recession highs in the 100 biggest metro areas in the U.S. to see which areas are struggling the most.

What sets some cities apart from others? Trulia explains:

Most of the metros with high income growth also have a high share of homes that have recovered to their pre-recession peak. Many of these metros also had strong job and population growth.

Trulia says the housing market recovery has been the weakest in the following cities:

  1. Las Vegas: 0.6 percent of homes recovered to pre-recession peak value
  2. Tucson, Arizona: 2.4 percent
  3. Fresno, California: 2.5 percent
  4. Camden, New Jersey: 2.7 percent
  5. Lake County-Kenosha County, Illinois and Wisconsin: 2.7 percent
  6. Fort Lauderdale: 2.7 percent
  7. Bakersfield, California: 2.9 percent
  8. Deltona-Daytona Beach-Ormond Beach, Florida: 2.9 percent
  9. New Haven, Connecticut: 3.2 percent
  10. Riverside-San Bernardino, California: 3.4 percent

On the flip side, real estate in these cities largely has bounced back to pre-recession peaks:

  1. Denver: 98.7 percent of homes now at pre-recession peak
  2. San Francisco: 98 percent
  3. Oklahoma City: 94.3 percent
  4. Nashville: 94.1 percent
  5. Fort Worth, Texas: 93.9 percent

Check out the interactive map from Trulia to find out how real estate prices in your ZIP code have fared since the recession.

Are you a first-time homebuyer looking to put down some roots by purchasing a home? Check out “10 Best and Worst States for First-Time Homebuyers.”

What is the real estate market like in your area? Share your comments below or on Facebook.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Read Next
These Are the 4 Best Medicare Advantage Plans for 2020
These Are the 4 Best Medicare Advantage Plans for 2020

Medicare Advantage customers themselves rate these plans highest.

13 Brilliant Bulk-Buy Items on Amazon
13 Brilliant Bulk-Buy Items on Amazon

Every household should have these products on hand. Buying them in bulk on Amazon saves you cash.

5 Ways to Put an End to Junk Mail
5 Ways to Put an End to Junk Mail

Here’s how to keep unwanted mail from clogging your mailbox and trash can.

9 Affordable Ways to Make Your Home Look Expensive
9 Affordable Ways to Make Your Home Look Expensive

These products from Amazon add elegance to your home without the expense.

7 Ways Coupons Waste Your Money and Time
7 Ways Coupons Waste Your Money and Time

Here’s why I hung up my scissors and quit clipping coupons.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Most Popular
17 Everyday Products Now Facing Shortages
17 Everyday Products Now Facing Shortages

Many goods we take for granted have become tough to find in 2021.

If You Find This Thrift Shopping, Buy It
If You Find This Thrift Shopping, Buy It

This iconic dinnerware is prized for everyday use as well as reselling for profit.

20 Things That Are Actually Worth Stockpiling
20 Things That Are Actually Worth Stockpiling

You don’t need a year’s supply of toilet paper to survive an outbreak, but consider stocking up on these items.

9 of the Best Things to Do When You Retire
9 of the Best Things to Do When You Retire

You’ve waited all your life for this moment. Make the most of your retirement.

Medicare Will Not Cover These 6 Medical Costs
Medicare Will Not Cover These 6 Medical Costs

Don’t let these health care expenses catch you off guard in retirement.

Beware This Hidden Ingredient in Rotisserie Chicken
Beware This Hidden Ingredient in Rotisserie Chicken

Something foul may lurk in those delicious, ready-to-eat birds.

7 Kirkland Signature Items to Avoid at Costco
7 Kirkland Signature Items to Avoid at Costco

Even if it seems you save a bundle buying Costco’s Kirkland Signature brand products, they may not be the bargain they appear to be.

3 Colors That Can Ruin Your Car’s Resale Value
3 Colors That Can Ruin Your Car’s Resale Value

Select the wrong color for your next car, and it could depreciate twice as fast as others.

9 Groups Who Should Brace for Higher Income Taxes
9 Groups Who Should Brace for Higher Income Taxes

Recent proposals would hike taxes for people with a wide range of incomes.

Never Buy These 10 Things on Amazon
Never Buy These 10 Things on Amazon

Just because you can purchase something on Amazon doesn’t mean that you should.

7 Big Purchases You Should Never Make
7 Big Purchases You Should Never Make

Sometimes a big-ticket purchase is nothing more than a big waste of money.

12 Deep Discounts Available on Amazon This Friday
12 Deep Discounts Available on Amazon This Friday

These items are steeply discounted — but the deals won’t last long.

8 of the Worst Things to Buy at Target
8 of the Worst Things to Buy at Target

No store can specialize in everything. For some purchases, it’s smart to shop elsewhere.

5 States With the Worst Health Care for Retirees
5 States With the Worst Health Care for Retirees

All of these states are located in the same region of the nation.

8 Things You Should Be Buying at Thrift Stores
8 Things You Should Be Buying at Thrift Stores

For one expert, these secondhand bargains stand out from the rest.

20 Great Part-Time Jobs for Retirees
20 Great Part-Time Jobs for Retirees

Retirees can dial back the intensity of work while continuing to bring in a paycheck.

3 Ways to Get Microsoft Office for Free
3 Ways to Get Microsoft Office for Free

With a little ingenuity, you can cut Office costs to zero.

5 Ways to Get Amazon Prime for Free
5 Ways to Get Amazon Prime for Free

Hesitant to drop $119 a year on an Amazon Prime membership? Here’s how to get it for free.

11 Foods That Can Keep for Years
11 Foods That Can Keep for Years

These are some of the longest-lasting groceries you can buy.

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.