A Bloomberg article (go here for link) cites data from Trulia that examines the change and level of housing prices in every area in the United States. While other real estate price aggregators show that average prices are up, in a market by market examination, Trulia finds that just 1 in 3 houses is worth as much as at their peak.
a zip code-level analysis offers a more nuanced view of the haves and
have-nots. In much of the middle of the country, cities have stagnated
while less populated regions lead the recovery. While it’s true coastal
markets have experienced the lion’s share of appreciation, the majority
of homes in pricey markets like New York, Los Angeles, Silver Spring,
Maryland, and Fairfield County, Connecticut, are still worth less than a