During the Great Recession, home values dropped an average of 30 percent in several metros. Now, nearly a decade later, how are those markets faring?
SmartAsset, a personal finance resource, sought to pinpoint the metros that have recovered the most since the recession. They factored in several metrics, including the unemployment rate, poverty rate, change in median household income, and the change in median home values.
Four of the top 10 cities that have recovered the most are in California. SmartAsset mostly attributes the shifts to the large spike in home values since the recession. The four California cities in the top 10 all saw their home values rise by at least 43 percent between 2010 and 2016.
Source: “Cities That Have Recovered Most Since the Recession,” SmartAsset (Nov. 30, 2017)
