No surprise here — a new study says that the housing recession is in Dallas-Fort Worth's rear view mirror.
DFW is among the U.S. markets where home prices have soared the most since the Great Recession, according to the new report by Trulia Inc.
About 93 percent of Dallas area homes and 94 percent of Fort Worth-area properties are valued at or beyond what they were 10 years ago before the recession.
The strongest recoveries have been in Denver and San Francisco where between 98 percent and 99 percent of homes are recovered to pre-recession levels.
Nationwide, only about 34 percent of homes are worth what they were before the housing crash, according to Trulia.
"In sum, the U.S. housing market recovery looks very different when examining the value of individual homes," Trulia analysts say. "Across the largest metropolitan areas, the recovery has been limited to a mix of economically booming metros in the West and metros in the South that were relatively unaffected by the housing market downturn.
"Outside of these metros, the recovery looks very different."
The housing market recovery has been weakest in cities including Las Vegas, Tucson and Ft. Lauderdale where less than 3 percent of housing is valued at what it was before the recession.
DFW home prices are now at record levels. Median home sales prices in North Texas have risen by more than 50 percent in the last five years.
