Annual property selling price appreciation in metro Denver topped 23% for the 2nd thirty day period in a row in April and hardly missed matching a history high set in March, in accordance to a intently watched home value index.

The S&P CoreLogic Circumstance-Shiller House Price tag Index for metro Denver rose 23.6% year-about-year in April just after a 23.7% attain in March. Individuals two readings symbolize the optimum charges of once-a-year household rate appreciation witnessed in Denver in documents going back again to 1986. From February 1999 through August 2001, the index did have a very long streak of double-digit gains as tech and telecom investing boosted incomes, peaking out with an annual obtain of 15% in February 2001.

For 13 months now, yearly dwelling price gains in metro Denver have surpassed the prior history established in 2001.

“We continue on to notice really broad energy in the housing market, as all 20 metropolitan areas notched double-digit value raises for the 12 months finished in April,” said Craig Lazzara, controlling immediate at S&P DJI in the report “A far more-complicated macroeconomic environment could not support incredible property price tag progress for substantially extended.”

The April gains arrived ahead of home loan charges on a 30-year house loan started out spiking towards 6%. The “peaking” pattern witnessed in Colorado was also noticed in the nationwide index, which documented a 20.6% acquire in March and a 20.4% attain in April.


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