Here is a graph from the Federal Reserves FRED system detailing the 10 City Index and it's constituents. Below that is a list of each cities index value at the peak in April 2006 compared to where it is today. As you can see on a national level home prices are still 9.75% below their peak. Additionally 7 out of 10 cities are still BELOW their peak prices including New York City, and most surprisingly Washington DC. If you are wondering why that's surprising read my previous article on DC housing prices. Overall the gains are not even, and there is still a lot of work to be done. Rising interest rates will eventually start to put downward pressure on prices.
Here is the
|S&P Case Shiller 10 City Index Value & Constituents|
|April 2006||January 2017||% Change|
|10 City Index||226.88||206.73||-9.75%|
|New York City||216.48||186.75||-15.92%|