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Cape Coral, crushed in the housing bust, now has one more recession-era distinction: It's one of 10 metro areas nationwide to have recovered the least in housing prices from its peak level.
The region, according to a new report from mortgage data firm HSH.com, is 37.18% below its peak price value. The website uses the Federal Housing Finance Agency's (FHFA) Home Price Index to determine which housing markets have fully recovered and which ones lag behind the housing recovery. The data goes from 1991 through the second quarter of 2016.
One other Florida region, Orlando-Kissimmee-Sanford, at 25.63% below its peak value, joins Cape Coral on the top 10 markets that have recovered the least. Las Vegas is the leader on that list, at 44.46% below its peak. On the flip side, Denver, Austin and Dallas are the three top markets in posting home values above the prior peak level.
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