Housing market mostly back to 'normal' -- depending on your location

Dr. Chris Herbert of the Joint Center for Housing Studies at Harvard said 32 out of 100 markets remain below peak prices
  • Nationally, home prices have reached their 2006 peak, but not every market has equally recovered, according to the annual JCHS "State of the Nation's Housing" report.
  • Many low-income neighborhoods are seeing growth mostly in suburban and outlying areas, while affordability in "hot" markets remains a big issue.

DENVER — “Our mission as a center is quite simple: To raise housing issues and inform policy,” said Dr. Chris Herbert, the managing director of the Joint Center for Housing Studies at Harvard University.