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 photo credit: cameron23
We are all looking for some glimmer of hope that the economy is on the rebound, this may not be a sure sign, but the fact that Colorado home prices are on the rise is at least a sign that the local market is on an upward swing. The S&P Home Price Indices, released today, showed that for the sixth consecutive month Denver area home prices rose an average of 4.4 percent.
Each month since November 2009, when the price trend started to go up, the prices have increased from 0.5 percent. There are, however, other markets that were much lower than Denver and have seen greater percentage gains than the Denver market has experienced. Denver made eighth place of the twenty markets studied. San Francisco was the biggest winner with a gain of eighteen percent from April 2009.
There is a bit of debate as to why Denver and other markets have shown an increase lately. The Tax Credit is obviously a factor in the climbing numbers, however, now that the Tax Credit has expired, we may still see an increase, but it will be a significantly lower gradient. Everyone is still holding out for the next quarters numbers to make any type of definite forecast.
Read the full article from Inside Real Estate News
Posted on July 07, 2010 14:28:21 by  IPTV.Boyz
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