Urban Real Estate

Home Values In Nation At New Peak

Home Values In Nation At New Peak

The average U.S. house is now worth more than it was at the peak in 2007, a high mark on the real estate recovery.

According to the latest market information, the median home value in the U.S. is $198,000, 1 percent more than the year before and an increase over the peak price of $196,600 set in April 2007.

“We aren’t in a bubble and won’t be entering one anytime soon,” Zillow Chief Economist Dr. Svenja Gudell said in the report.

Read more at Chicago Agent Magazine here.