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Denver Top For Home Price Appreciation
Denver reported the biggest annual jump in home values in January of any of the 20 cities tracked by the S&P/Case-Shiller Home Price Indices, but the momentum, as in many cities, appears to be waning.
The Denver Home Price Index was up 8.6 percent in January from the same month a year earlier versus a 4.6 percent gain averaged in the 20-city index, according to an update Tuesday of the closely watched barometer.
Miami had the next-largest annual gain, 8.4 percent, followed by Dallas, 8.1 percent.
Measured on a month-over-month basis, the 20-city index was flat. Denver showed a 0.2 percent increase in January from December versus a 0.5 percent gain between November and December.
Charlotte, N.C., Miami, and San Diego had the biggest month-over-month gains at 0.7 percent, while San Francisco, previously one of the hottest housing markets, reported the biggest monthly decline, 0.9 percent.
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My name is Michael Ross Steffen. I’m an Exit Realty Cherry Creek Agent in the Denver metro area and Team Leader For Generation Property Group! We specialize in advanced Internet marketing, buying, s....