This from the Denver Business Journal:
Tuesday, September 29, 2009, 11:00am MDT | Modified: Wednesday, September 30, 2009, 10:08am
Case-Shiller Index: Denver home prices rise again, getting closer to 2008 levels
Denver Business Journal - by Mark Harden
Home prices in the Denver area rose in July for the fifth straight month, and prices are creeping closer to where they were a year ago, according to Standard & Poor's closely watched S&P/Case-Shiller Home Prices Index.
Home prices in Denver rose 1.5 percent in July from the previous month, according to the index report, released Tuesday. That follows a 2.5 percent month-over-month rise in June, a 1.3 percent increase in May, a 1.5 percent rise in April and a 0.1 percent gain in March.
Those increases followed month-over-month price declines in January and February.
As for year-over-year changes, Denver home prices fell 2.9 percent in July from the same month in 2008, down from the 3.6 percent year-over-year decline in June and the 4.6 percent drop in May.
Denver's year-over-year decline in July was the third-smallest of any of the 20 U.S. cities tracked by the Case-Shiller Index, bested only by Cleveland (a 1.3 percent decline from July 2008) and Dallas (a 1.6 percent decline). All 20 cities declined to some extent.
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