When the housing bubble burst in 2008, home values across the country tumbled to historic lows. But now, a decade later, those values have finally reached pre-crisis levels.
According to a recent market report from Zillow, more than half (50.4%) of homes in the US have either met or exceeded what they were valued at the peak of the housing bubble. While the recovery has varied between markets and home values (homes valued in the top third nationally have recovered at a higher rate than homes valued in the bottom third), the majority of Americans have (finally) rebounded from the housing crisis and reclaimed their home’s value.
If you purchased your home at the peak of the housing bubble, now could be the time to sell. If you put your home on the market today, chances are the offers you’d receive would be equal to—or, in many markets, more than—what you paid for it.
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