|NEW YORK (HSH) – Five Texas cities have landed on HSH’s list of the top ten metros that have recovered most since the Great Recession.
Austin-Round Rock home prices are 72.55 percent above the last housing boom’s peak, the second-highest of all metros studied.
Dallas-Plano-Irving (68.51 percent above peak) and Fort Worth-Arlington (59.85 percent) ranked fourth and fifth, respectively.
Houston-The Woodlands-Sugar Land followed closely behind at sixth with its home prices 57.05 percent above the prerecession peak. No. 8 San Antonio-New Braunfels had home prices 44.47 percent above peak.
The rest of the top ten are:
- No. 1 Denver-Aurora-Lakewood, 87.88 percent above peak;
- No. 3 San Francisco-Redwood City-South San Francisco, 68.90 percent;
- No. 7 Nashville-Davidson-Murfreesboro-Franklin, Tenn., 56.70 percent;
- No. 9 Buffalo-Cheektowaga-Niagara Falls, N.Y., 43.61 percent; and
- No. 10 San Jose-Sunnyvale-Santa Clara, Calif., 43.37 percent.
So far, 73 U.S. home markets have seen their home values recover fully from the huge downturns some areas saw during the recession.