Home values slowly rise

graph of home prices
Median home prices

When we look at home prices we need to look at the big picture. People who bought homes in about 2003 may find that their home is worth about as much today as it was then. While prices are going up many home owners need to adjust to the idea that they are still down from what they were during the peak in 2006. It may take until 2018 or beyond for home values to be what they were at the peak.