The US Census Bureau has recently released a report comparing home value and home ownership rates from a 3 year period during the recession (2007-2009) and a 3 year period after the recession (2010-2012). The report utilizes data from the American Community Survey, and covers changes ranging from the national level down to the level of individual cities.
The data indicates that in small counties, between populations of 20,000 to 65,000, there has been no statistically significant change in the median value of homes from the recession to post recession periods. It can also be concluded from data, however, that median value of homes in 43 of the 50 largest counties decreased over the same period.
Nationally, the median value of home decreased by about 9% and the rate of home ownership has decreased by 1.7%.
To read the full report click here.
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