Which cities have recovered from the decade-old housing crisis and which cities haven’t? The consumer organization HSH.com that provides information and educational services concerning the mortgage business determined to find out an answer to that question by examining the Federal Housing Finance Agency’s (FHFA) Home Price Index over the time period of Q1 1991 – Q3 2019.

HSH.com’s bottom line? There has been little month to month change in terms of recovery…the number of metro areas that exceeded their previous “boom-era” price peaks remained at 73 for the second consecutive quarter.

Here are the housing markets that are furthest above their previous peaks:

  • Dallas – Irving – Plano TX
  • San Francisco – San Mateo – Redwood City CA
  • Nashville – Davidson – Murfreesboro – Franklin TN
  • Houston – The Woodlands – Sugar Land TX

These housing markets have the greatest gap to cover to reach their previous peak markets:

  • Bakersfield CA
  • Tucson AZ
  • Lake and Kenosha Counties in WI and IL
  • Hartford – East Hartford – Middleton CT
  • Las Vegas – Paradise – Henderson NV

Home values in these markets have climbed +100% BUT have yet to achieve full recovery:

  • Cape Coral – Fort Myers FL (up 101.13% from trough)
  • Stockton CA (up 188.18% from trough)
  • Las Vegas – Paradise – Henderson NV (up 145.26% from trough)
  • Sacramento – Roseville – Folsom CA (up 100.56%% from trough)
  • North Point – Sarasota – Bradenton FL (up 104.51% from trough)

Housing markets that are “almost there” within 2.5% of their previous high records:

  • El Paso TX
  • Albuquerque NM
  • Sacramento – Roseville – Folsom CA
  • Miami – Miami Beach – Kendal FL
  • Frederick – Gaithersburg – Rockville MD