In a bit of good news for area home buyers, the median home price in metro Denver remained unchanged in June, which may be a signal that the real estate market in the Mile High City is hitting its
Denver Tops The List For Home Appreciation
The Denver Post recently reported that for the first time since the housing boom in 1991, the Denver housing market is leading the nation for appreciation. These findings come from a report recently released from mortgage research firm, HSH.com.
Home prices are now 49.1 percent above the old high they reached in the first quarter of 2006. That is the biggest increase from the prior decade’s peak among any of the 100 metros tracked in a home price index run by the Federal Housing Finance Agency.
Five of the other top 10 metros making the list for the strongest appreciation above the prior peak are all in Texas: Austin, Houston, Dallas, Fort Worth and San Antonio.
The report shows two common factors among areas with the strongest appreciation: 1) Home prices in these metro areas were not as exaggerated as in states like Florida, Arizona and Nevada and 2) They also are reporting robust job gains and population growth.
“For the most part, markets that didn’t crash as hard have fared well during the recovery, as have those where job markets recovered the fastest,” said Keith Gumbinger, a vice president at HSH.com.
Michelle is a native of Denver, however just recently moved back Denver after living in Long Island , NY for the past 3 years. While in NY, she managed a portfolio of properties for a large NY invest....