Housing market trends
Home prices in bubbly cities such as Las Vegas, Phoenix, Miami, San Diego, Los Angeles or Tampa show huge price spikes over the years. Residential prices in these cities are currently about 33% below peak levels, on average. Sane cities such as Cleveland, Dallas, Denver, Atlanta, Detroit and Charlotte missed the bubble and thus currently have housing prices only 6% below peak, on average. Other cities such as San Francisco, Washington, New York, Chicago, Minneapolis, Boston, Seattle and Portland had prices that inflated more modestly than prices in bubble cities, and in these cities, prices are still down about 16% from peak levels.