Home Values Then and Now
Home values have been an ever-moving target for more than a decade now. First, home prices were soaring fast as we moved through the upward movement of a real estate boom. Then the market crashed, and we all watched home values tumble for years more.
Now here we are again, watching home values return rapid pace to their pre-crash levels.
To help the nation get a birds eye view of all the changes, the economists at CoreLogic recently released a report focused on evaluating the housing market since the Great Recession, which technically ran from December 2007 to June 2009.
During that time, the US economy lost more than 8.7 million jobs and American families saw more than $16 TRILLION of their combined net…