The states that are winning – and losing – the American real estate game, a decade after the U.S. housing bubble burst
- The economic downturn of 2008 sent real estate markets spiraling and drove down prices around the U.S.
- Since then, median house prices in 41 states and Washington D.C. have rebounded to surpass 2007 levels
- However the U.S. housing market hasn’t fully recovered from the 2008 financial crash, with home prices in nine states still below 2007 levels – and many more states seeing only modest increases over the past 10 years
- Nevada has taken the biggest hit, with prices down 17 percent from what they were in 2007 to reach a median home price of $258,200, while prices rose the most (82 percent) in North Dakota to reach $194,700 in 2017
By VALERIE BAUMAN SOCIAL AFFAIRS REPORTER FOR DAILYMAIL.COM
This map illustrates the median home values in each of the 50 U.S. states in 2007 and in 2017. In other words, just before the economic downturn of 2008 struck, sending housing prices on a downward spiral
This map illustrates the median home values in each of the 50 U.S. states in 2017, nearly a decade after the economic downturn of 2008 sent housing prices on a downward spiral. It also shows the percent of change in home prices in each state, with nine states experiencing a further deterioration in their real estate markets