It’s been ten years since the housing euphoria of 2007 dropped into the depths of a recession, and wiped out trillions of dollar in home equity. The economy has been slowly recovering since then, and the latest report from Zillow says the national median home value has finally returned to pre-recession levels. But does that mean we are at risk of another housing bubble?
Back in April of 2007, the national median home value was $196,600. Zillow reports that over the last year, its Home Value Index rose 7.3% and hit $198,000 in April of this year, surpassing the 2007 level by 1%.
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