This is great news from the Denver Business Journal:
For the sixth month in a row, home prices in the Denver area showed a year-over-year price increase in April, rising 4.4 percent from April 2009, according to the latest S&P/Case-Shiller Home Prices Index, released Tuesday.
Also, local prices rose 1.7 percent in April from March levels.
The increases came during the last month of the federal homebuyer tax credit, which expired April 30 for home sales contracts and is credited with triggering a spring flurry of home purchases in most parts of the country.
Out of 20 U.S. cities covered in the closely-watched report from Standard & Poor‘s, Denver was one of 13 that showed a year-over-year increase in prices in April.
With today’s low mortgage rates, this is truly a unique time for buyers. Home prices are slowlystarting to come back around. Areas like Highlands Ranch and Littleton seem to be doing slightly better.