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.