[IMGCAP(1)]
IRVINE, CA—Home prices in 46% of US counties were still 30% ormore below their 10-year peaks in March, according toRealtyTrac. The firm reports that while 724counties fell into this category, 315 counties—20%—reached a new10-year peak in 2013 or 2014.
Major counties that were still below peak include Cook County,IL (Chicago) at 37% below peak; Maricopa County, AZ (Phoenix) at33% below peak; Miami-Dade County, FL (Miami) at 42% below peak;Riverside County (38% below peak) and San Bernardino County (43%below peak) in Southern California; Clark County, NV (Las Vegas) at47% below peak; Wayne County, MI (Detroit) at 58% below peak;Philadelphia County, PA at 31% below peak; and Cuyahoga County, OH(Cleveland) at 45% below peak.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
