June 05, 2017

Camden metro area's real estate recovery lags country

Home values remain depressed nine years after the real estate bubble bust

Real Estate Home Prices
real estate home sales GJS/iStock.com

The Camden metro real estate market still lags the country with home values 28 percent off peak prices just before the Great Recession of 2008, according to an analysis.

HSH.com, one of the nation's largest publishers of mortgage and consumer loan information, reviewed the Federal Housing Finance Agency's Home Price Index for the first quarter of 2017 to come up with the figure.

The Camden metro area actually lost traction during the quarter; home values faded in the last two quarters after posting some solid gains earlier last year.

The Camden market is the fifth worst in the country in terms of recovery, behind Bakersfield, Stockton-Lodi, and Fresno in California and Las Vegas. In those markets, values are still off from 30 to 40 percent.

On the other hand, Denver, Austin, Dallas, Houston, and Fort Worth are 43 to 67 percent above peak value when the real estate bubble burst nine years ago.