Some homes hitting new highs

Housing markets across the country are still recovering from the subprime meltdown, but some markets have already surged to new highs.

Price data analyzed by The Wall Street Journal found that some markets have shown a complete comeback from the housing downturn, as prices continue to march higher. For example, values in Oklahoma City are 17 percent higher now than their pre-bubble 2007 high, and 6 percent higher in Denver.

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The markets performing the best are largely ones that avoided the most severe aspects of the downturn. The hardest-hit markets, in areas like Florida and Las Vegas, are still lingering below pre-crisis levels. Home prices nationally are also still below the highs reached before the bubble burst.