DEN­VER DROPS TO THIRD FOR GAINS

The Denver Post - - BUSINESS - By Aldo Svaldi The Den­ver Post

Af­ter tieing with Port­land, Ore., and San Fran­cisco in Oc­to­ber for the fastest rate of an­nual home price ap­pre­ci­a­tion, metro Den­ver fell back to third place in Novem­ber, ac­cord­ing to the S& P/ Case-Shiller Home Price Indices.

Den­ver had a 10.9 per­cent gain in home prices, barely trail­ing San Fran­cisco at 11 per­cent and Port­land at 11.1 per­cent.

A com­pos­ite in­dex that tracks home prices in 20 ma­jor met­ros rose 5.8 per­cent in Novem­ber ver­sus a 5.3 per­cent gain in Oc­to­ber.

The na­tional in­dex is still about 4.8 per­cent below the peak it set nearly a decade ago in July 2006. Metro Den­ver’s in­dex, by con­trast, con­tin­ues to set new highs.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.