The uneven nature of the "housing crisis" by state

There is a lot of conflicting information about the state of housing in the U. S.. One reason is that the difference in what has occurred by state.

This map shows the date of the peak prices and how much home prices are off from that peak.

The differences are HUGE. Nevada peaked in 2006 and is still off over 37%. A whole group of states including Texas, Colorado, Vermont and Alaska are now (2014) at their peaks.

Certainly there are also variations within states as well and within local markets. Here in the Harrisburg area, the difference is clear between the shores of the Susquehanna.

As always, if you have questions bout what this means regarding the home you would like to buy or sell, just call text or email.