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So that we can all relate to local housing markets are actually rebounding towards their priests market price levels some by as much.
Now it's all detailed in the homes dot com local housing market index -- rebound report.
Which was released today and we've got it for your first right here.
In an FBN exclusive.
Homes dot -- brought -- -- your first look at the report welcome to Fox Business.
I think the thing that really shocked me is that in fourteen of the metro areas that you're looking at.
They've actually exceeded or they've recovered to the point of the peak price level that we saw before the housing collapse what are those fourteen markets how -- they do that.
You know that that's really great question in the fourteen markets exist primarily in the energy producing states.
Or some of the locations where maybe the highs.
And lows -- as dramatic as they were and other parts of the country.
In fact in Texas represents six of these cities of the of the top fourteen yet he -- sanitary -- used in Austin Dallas right the top five.
Right yes so those those markets have certainly been great there's signs recovery really throughout the rest of the country 35 of the top 100.
Cities that we track have rebounded as much as 50%.
Overall we're looking more like 35% across the country so.
If I'm a consumer you -- -- certainly some optimism not only in the recovery but also.
If I'm on the sidelines you know I know that there might be some opportunity involved in select markets and to find a way back to some of the highs hit in -- -- -- 2000 and -- I -- -- when you say 50% recovery if my house is worth one dollar at the peak and then it fell roughly 30% I think is what.
On average across the country for -- from a dollars and seventy cents.
What you're saying is that my house is now worth about 8590 cents if we've had a 50% recovery and most of those markets right.
That's correct what are some of the markets where you see opportunities for purchasers.
It is so when you look at I have pretty based here in the West Coast then from a rebound perspective.
You know the western United States still -- certainly those fourteen that have recovered to a 100% and even that some of the market that are recovered fifty -- month over month.
We're seeing nice gains in the West Coast from an index perspective and it certainly some growth back from -- recovery standpoint percentage wise so.
I think there's some certainly some opportunities there some other markets or harder hit in the northeast.
New York -- -- Obviously places like Detroit where the recoveries -- slower are also seeing positive gains Florida being another location where the really could be some opportunities to capitalize on.
An early recovery but still some upside to come.
Brought some of the experts -- during the housing collapse were saying it would take 1020 years to recover it's obviously happening much faster but with -- interest rates potentially going higher you know the yield on the ten year bond is going higher.
Might we take out you know pop his balloon which we would all like -- not to puppet but that would affect the prices are going up is a -- that if you're not a buyer.
That that's certainly great question and and that -- interest rates have have been not you know at some lows for a good period of time.
Lending has been difficult.
Anecdotally -- our homes dot com we we worked very closely with large national brokers and agents.
And there's there's still a lot of talk about pat cash buyers fueling the market vs some traditional buying.
So you know -- there is some there is certainly some concern for that on the horizon but.
It isolated pockets I think there's some opportunity in -- -- from a consumer perspective.
Using some of the comprehensive tool and homes dot com to identify where the opportunities are how we can take advantage of them -- capitalizing.
You know in the here now says is is certainly available.
Brought -- homes dot com we appreciate and a lot of consumers whether they be sellers or buyers will be glad to hear that values have gone up a lot of markets.
Back to where they work -- and upbeat report.
I -- a stocks are down.
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