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Svenja Gudell of Zillow Gudell: “Demand for the limited supply of entry-level homes is pushing up their values.”

SEATTLE—For commercial property, a recent trend has seen greater price appreciation in the market’s lower tiers. In the residential sector, though, the reverse is true: Zillow said Thursday that in 24 of the 35 largest US housing markets, the lowest-priced homes are least likely to have recovered their pre-recession values.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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