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View Poll Results: Home prices back to 2006 peak
Back at peak 5 10.87%
Below 38 82.61%
Higher 3 6.52%
Voters: 46. You may not vote on this poll

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Old 04-01-2013, 08:24 PM
 
162 posts, read 275,886 times
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Homes prices in your area back to their 2006 highest peak yet?
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Old 04-01-2013, 08:26 PM
 
20,192 posts, read 22,124,361 times
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Not even close... In fact it went down again...
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Old 04-01-2013, 08:40 PM
 
Location: SC
2,966 posts, read 4,746,628 times
Reputation: 6885
It would help if you say where you live when replying so we have an idea of what we are dealing with.
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Old 04-01-2013, 09:06 PM
 
3,506 posts, read 4,993,654 times
Reputation: 2042
hell no but I see some sellers who think they are back in 2006
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Old 04-01-2013, 09:58 PM
 
5,075 posts, read 9,875,052 times
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Close in some areas, though the seattle market peaked in 2007, so 2006 doesn't quite count as peak pricing in most neighborhoods. Really depends on the specific location and property type. Some prices are still off by 15%, yet a house down the street might be above peak price.
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Old 04-02-2013, 12:30 AM
 
Location: North Idaho
27,894 posts, read 37,855,960 times
Reputation: 61001
No where near.
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Old 04-02-2013, 06:57 AM
 
Location: St. Louis, MO
4,009 posts, read 6,224,322 times
Reputation: 4593
DEFINITELY below here...

DH & I wouldn't have been able to afford to buy this house last year had we been at 2006 prices. We paid less than half the 2006 valuation- right now it's probably worth about 55-60% of the 2006 value.

(I'm in St. Louis County, MO by the way)
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Old 04-02-2013, 07:09 AM
 
2,727 posts, read 5,009,178 times
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Northern VA here. The close-in suburbs rose by a smaller % than did the outer suburbs, some of which went up more than 200% during the bubble. Because the outer burbs are generally cheaper due to land costs there were more questionable buyers during that time than in the inner suburbs, and prices fell further. Now the prices in the outer burbs are continuing to climb but are still off peak. The inner burbs are probably getting close to peak, with some neighborhoods over. There are variations by house and neighborhood. Inventory is low close in. People seem tentative because of the budget cuts.
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Old 04-02-2013, 08:00 AM
 
5,075 posts, read 9,875,052 times
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Quote:
Originally Posted by ACWhite View Post
Northern VA here. The close-in suburbs rose by a smaller % than did the outer suburbs, some of which went up more than 200% during the bubble. Because the outer burbs are generally cheaper due to land costs there were more questionable buyers during that time than in the inner suburbs, and prices fell further. Now the prices in the outer burbs are continuing to climb but are still off peak. The inner burbs are probably getting close to peak, with some neighborhoods over. There are variations by house and neighborhood. Inventory is low close in. People seem tentative because of the budget cuts.
But Fox news and the GOP told me the bubble was caused by poor urban minorities! How it it possible that close in neighborhoods held up better than the suburbs???
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Old 04-02-2013, 08:19 AM
 
Location: DFW - Coppell / Las Colinas
38,264 posts, read 42,923,913 times
Reputation: 47605
OP... I believe you are in DFW which always has had a very stable market. Ours (DFW) has exploded probably bigger now than back in 2006 with over 1500 people a day moving here.

Areas like Vegas, CA, Florida saw huge price increases back in 2003-2007 and that madness caused their bubble to pop. Areas like San Fran are catching up but it will be awhile before many areas get back to a 2006 price.
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