Housing boom fails to lift all homes above previous cycle peak

The housing boom of the last two years propelled US home prices record height across the country. but in hundreds of citiesThe red-hot market has yet to bring prices back to where they were about 15 years ago.

Prices fell so much during the subprime crisis or climbed back so slowly in these cities that the current buying wave is only beginning to create a homeowner who bought there during the last boom.