State fares better than U.S. on home prices, an article from the Rocky Mountain News, reports that according to an index considered to be the most comprehensive, home prices in Colorado generally fared much better than the U.S. market as a whole during the first quarter of 2008. Nationwide, home prices posted the sharpest decline in the index's 17-year history, and analysts say housing has yet to hit bottom. The report by the Office of Federal Housing Enterprise Oversight said that home prices fell 3.1% in the first quarter compared with last year. In Colorado, Grand Junction posted the second-highest appreciation among U.S. cities, with a year-over-year increase of 9.1%. Boulder posted a 4.1% increase; Colorado Springs 0.29%; and Denver-Aurora 0.9%. As a whole, Colorado averaged a 2.29% home-price appreciation compared with the first three months of 2007.
http://www.rockymountainnews.com/news/2008/may/22/state-fares-better-than-us-on-home-prices/
http://www.rockymountainnews.com/news/2008/may/22/state-fares-better-than-us-on-home-prices/
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