The most resilient housing markets in America
When the housing market crashed in 2005, thousands of Americans found themselves unable to keep their homes. The effects of the crash were long-lasting, and from 2007-2009, "the value of real estate owned by U.S. households fell by nearly $6 trillion," according to FiveThirtyEight.
Though many neighborhoods were faced with crippling financial woes, some withstood the foreclosure crisis. Using real estate data, FindTheHome identified the most resilient real estate markets in the country during the past decade.
In order to determine a county's real estate market resilience, the data experts measured the CoreLogic Home Price Index (HPI) at both the peak (2006) and trough (2011) of the of the market. This index combines median sale prices, CoreLogic's Case-Shiller Index, as well as many other environmental variables that assess the relative worth of a home in a geography over time. The counties were ranked by the smallest negative change or the largest positive change from 2006 to 2011.
June 2006 HPI: 152.63January 2011 HPI: 158.19% Change from Market Peak: 5.56%
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