Case-Shiller ranks Denver No. 3
(source: InsideRealEstateNews.com)
“The Denver-area housing market ranked No. 3 of the 20 cities tracked in the closely watched S&P/Case-Shiller Home Price Indices report released today.
The Denver metropolitan statistical area was one of four cities that in November showed a year-over-year improvement, “something we really haven’t seen in at least two years in most markets,” said David M. Blitzer, chairman of the Index Committee at Standard & Poor’s.
The Denver housing market showed a 0.5 percent gain in the year ending in November, bested only by Dallas and San Francisco, which showed a 1.4 percent and a 1.0 percent gain, respectively. San Diego also was in positive territory, with a 0.4% improvement.
Overall, the 20 markets in the index showed a loss of 5.3 percent. In October, Denver was ranked No. 1 by Case-Shiller, with a 0.1 percent loss.”