Denver home values up nearly 50% since Great Recession, biggest gain in nation

interesting read from Denver Business Journal...

Home values in Denver have increased 49.3 percent since their Great Recession peaks 10 years ago, which is the
biggest gain in the country.

According to mortgage resource company HSH.com's " home price recovery index," home value growth in Denver-Aurora-Lakewood market outpaced all other U.S. markets since 2006.

The index "uses the Federal Housing Finance Agency's (FHFA) Home Price Index as a basis to determine which housing markets have fully recovered (or more) and which still lag behind the housing recovery."

The Denver-area home appreciation growth over the past 10 years eclipsed the growth from other top markets, including Nos. 2-4, which were all in Texas (Austin, Houston and Dallas).

The government's Home Price Index tracks home appreciation using 1990 as a starting year, with all markets given a value of 100 in that year.

Since 1990, the Denver market's Home Price Index has risen to 413.86, well above the 2006 level 277.21.

Compared with Denver, other Colorado cities didn't fare so well. Colorado Springs' home value growth since the Great Recession peaks is less than 10 percent.

In metro Denver, it was reported that average home prices increased by 10 percent in April from a year earlier.