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Analysis Home Prices Back at Peaks in Some Areas

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Home prices have zipped back into record territory in a handful of American cities, a milestone that comes seven years after the housing bust ravaged the market and the broader economy, the Wall Street Journal reported today. Values are up more than 13 percent from their 2007 high in Oklahoma City and by more than 6 percent in the Denver metro area. Prices are back to all-time highs in 10 of the nation's 50 largest metropolitan areas, according to a Wall Street Journal analysis of price data from Zillow, an online real estate-information service. Prices nationally remain below the highs of the past decade, and many of the cities that have seen the biggest gains largely escaped a boom and bust.