Thursday, March 02, 2006

Colorado Home price gain lags nation

The Denver Post reports:
Colorado home values rose at less than half the U.S. average last year, the fourth consecutive year the state has lagged the country.

Existing-home prices in the United States rose 13 percent last year, according to the Office of Federal Housing Enterprise Oversight.

Colorado home values, by contrast, rose 6 percent, ranking the state 44th on that measure.

Over the past five years, Colorado home values have risen 28 percent, compared with 57.7 percent gains averaged nationally. Prices more than doubled in California, Hawaii, Nevada and Florida.
Colorado may be better positioned for the future than other states.