True for much of Greenwich, but not all

Return to the land

WSJ: Home prices recover ground lost during the bust. Back to 2006 prices.

U.S. home prices have climbed back above the record reached more than a decade ago, bringing to a close the worst period for the housing market since the Great Depression and stoking optimism for a more sustainable expansion.

The average home price for September was 0.1% above the July 2006 peak, according to the S&P CoreLogic Case-Shiller U.S. National Home Price index released Tuesday. As of the August reading of the Case-Shiller index, a widely used benchmark for housing prices in the U.S., prices remained 0.1% below the July 2006 record.

Of course, there's this;

Adjusted for inflation, the index remains about 16% below the 2006 high. Home prices jumped 5.5% over the past year.

Of interest, I would think, is that the WSJ reports that it's the high end of the market that has seen the largest increase in value, while here in Greenwich it's quite the opposite. I'm not sure why that is.