For all the promising data we’ve seen about the so-called “housing recovery,” it’s important to realise it is just that — a recovery.
Though some are calling the spike a housing bubble 2.0, home prices are still way off their 2006 highs (which is good, since that was a bubble of epic proportion).
“Overall, the recovery has been rather uneven, with states that enjoyed the largest home price increases before the recession still far from their prior peaks and states that missed the housing boom closer to recovering their losses,” writes CoreLogic’s Kathryn Dobbyn in a new report.
CNBC’s Diana Olick highlights this chart from CoreLogic:
“Speculating on a new bubble is likely premature,” concludes Dobbyn.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.