Denver
The Denver area, which includes Aurora and Lakewood, has seen price increases of 11.9%, according to a study out Wednesday by real estate site Owners.com,
which examined median home prices for single-family, three-bedroom
homes from the August-September 2014 period to August-September 2015.
That means the Colorado city has had the fastest home price growth out
of the 25 cities analyzed by Owners.com, a real estate services website.
(Incidentally, the S&P/Case-Shiller Index showed
a 10.7% increase in Denver home prices from August of last year to
August of this year, which also made it the fastest growing city in
terms of home prices among the 20 cities measured.)
What’s more, this year, home prices in Denver hit a record high, according to data from real estate firm RealtyTrac, which examined home prices over the past 15 years. That growth may not be a good thing for buyers: Real estate analytics firm CoreLogic notes
that Denver is one of only 14 markets in the country that is now
overvalued, meaning that home prices in the area were 10% or more over
the long-term sustainable level (which measures home affordability based
on per capita income levels in the area). Read: Millennials drive the new-home market in Phoenix
Bloomberg
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