Hous­ing out­look

The Denver Post - - BUSINESS -

Fitch Rat­ings sees U.S. home prices climb­ing about 5 per­cent this year. That should nudge home prices closer to lev­els last seen dur­ing the peak of the hous­ing boom 10 years ago. Even so, the credit rat­ings agency says home val­ues now ap­pear more sus­tain­able than they were in 2006. Since then, the na­tion’s pop­u­la­tion has added more than 20 mil­lion peo­ple and in­comes have in­creased. When ad­justed for in­fla­tion, cur­rent home prices re­main more than 20 per­cent below their 2006 peak, the firm notes. Still, in states such as Cal­i­for­nia, where prices have risen sharply in re­cent years, home val­ues could ease some­what this year.

Source: Fac­tSet

S&P/Case-Shiller 20-city home price in­dex 2006-2015

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