The housing bust is officially over, 10 years after it started. But like much else in the economy, the real-estate recovery has benefitted the wealthy more than others, with many ordinary folks still falling behind.
A prominent gauge of home prices, the S&P Corelogic Case-Shiller index, set a new record high in September, surpassing the previous high, from July 2006. Home prices on average have risen 5.5% during the last 12 months. “This indicates a completed recovery of US home prices since the Great Recession,” S&P Global said in a release.
Rick Newman | Yahoo Finance