Some of the nation's counties are starting to pull themselves way out of the home price trough as more areas start to post prices close or at 10-year peaks. 

Since March 2014, 724 counties, or 46%, of homes were still 30% or more below 10-year peaks. This is compared to 315 counties, or 20%, that hit a new 10-year peak in 2013 or 2014.

RealtyTrac gathered these numbers by looking at monthly median residential property prices in 1,567 counties where data was available going back to 2004.  

This follows a report from CoreLogic Thursday, which reported that more houses are moving into positive equity as home prices continue to rise and push homeowners out of the water.

But not everyone believes that home price appreciation is a good thing.