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Northern Colorado Business Report | Todays News | Home prices continue upward trend regionally

Homes sale values rise 1% nationally, 4% in Loveland – Ft Collins, and 6% in Greeley. 

Home prices continue upward trend regionally


Home prices in Northern Colorado continued their upward trend in April, according to the latest data from CoreLogic. 

Home prices, including distressed sales, increased in both the Fort Collins-Loveland metropolitan statistical area and in Greeley in April.

In Fort Collins and Loveland, home prices increased by 4.5 percent. In Greeley, home prices increased by 6.2 percent.

In Colorado as a whole, home prices including distressed sales increased slightly from April 2011, up by 4.2 percent, according to the report.

Nationally, home prices increased by 1.1 percent year-over-year in April.

“Excluding distressed sales, home prices in March and April are improving at a rate not seen since late 2006,” Mark Fleming, chief economist for CoreLogic, said of the national numbers. “The supply of homes in current inventory is down to 6.5 months, a level not seen in more than five years, in part driven by the ‘locked in’ position of so many homeowners in negative equity.”

Northern Colorado Business Report | Todays News | Home prices continue upward trend regionally.

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Denver, Greeley officially Improving Housing Markets

English: Denver Skyline

Image via Wikipedia

How about some GOOD news for a change?

Denver and Greeley are officially ‘Improving’ Housing Markets!

DAILY REAL ESTATE NEWS | TUESDAY, JANUARY 10, 2012
The National Association of Home Builders’ list of improving housing markets nearly doubled this month, as more cities showed signs of a rebound with their real estate markets.
The list now contains 76 improving markets, up from 41 in December, according to NAHB’s and First American’s Improving Markets Index, a monthly gauge that measures a city’s improvements in housing permits, employment, and housing prices for at least six months.
“The fact that the list of improving housing markets nearly doubled this month shows that a significant, positive trend is developing, and is even more relevant when you consider the expanding geographic distribution of the list — which now includes 31 states and the District of Columbia,” NAHB Chairman Bob Nielsen said in a statement.
These local cities were added to the list in January:
View a complete list of all 76 metro areas on the Improving Markets Index list at www.nahb.org/imi
Source: National Association of Home Builders