Home News Metro Denver home price gains surge past 23% for second month in a row

Metro Denver home price gains surge past 23% for second month in a row

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Metro Denver’s annual home price hike exceeded 23% for the second straight month in April, almost inconsistent with the record highs set in March, according to a carefully watched home price index.

Metro Denver’s S & P Core Logic Case-Shiller Home Price Index rose 23.7% year-on-year in April after rising 23.7% in March. These two measurements show the highest rate of increase in annual home prices seen in Denver in records dating back to 1986. Out in February 2001 with an annual income of 15%.

For the current 13 months, Metro Denver’s annual home price hike has surpassed previous records set in 2001.

Craig Lazzara, who reports to S & PDJI, said: The environment may not support unusual home price increases for much longer. “

The rise in April occurred before the 30-year mortgage mortgage rate began to skyrocket to 6%. The “peak” pattern seen in Colorado was also seen in the National Index, which reported an increase of 20.6% in March and a 20.4% increase in April.

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