Top 10 Housing Markets with Home Prices Above Pre-Crisis Peaks

Using data from its February 2015 U.S. Home Price Appreciation Analysis, RealtyTrac identified the top 10 markets that have exceeded their pre-housing crisis peaks in the last year. Probably not a big surprise is San Jose, California with all its Facebook millionaires at the top of the list.

Maybe more surprising is Austin, Texas, and Denver, Colorado, which have both in part been beneficiaries of California transplants looking for a hip and happening housing market without the high prices. Rounding out the top five are Raleigh, North Carolina, and Nashville, Tennessee, which have both seen a recent boom in home prices thanks to strong demand from big Buy to Rent operators funded by Wall Street hedge funds and private equity who are looking for markets where they can buy single family homes below $200,000 and rent them to former homeowners recovering from the housing crisis and millennial renters in arrested development when it comes to home ownership.

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