Tuesday, May 12, 2015

The Housing Market Has Recovered?

Back in January 2008 I wrote about the pricing  history of a neighboring townhouse in the context of  the housing bubble.  Early in my blogging days I called the bursting of the bubble in October 2005 based on the prices in my townhouse cluster.  (A pause while I admire my foresight.)

The townhouse is up for sale again.  It went on the market the end of April and is now under contract.  According to Zillow, it's going for $50,000 more than its price in 2009, which in turn was $80,000 above its low in 2008. 

But the bottomline is it's still $50,000 below the peak price.

No comments: