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Denver, Colorado, USA downtown city skyline at dawn.Getty
Good news, Denver. Your city has seen the greatest amount of recovery in home prices since it hit bottom. The real estate research site, HSH.com, uses the Federal Housing Finance Agency’s Home Price Index to determine which markets have, or haven’t, recovered and the latest analysis shows that Denver has seen the greatest amount of growth. They have tracked housing prices since 1991 and compare the change in growth to both a market’s peak and trough, thus it is a helpful marker of how cities at both ends of the extreme have performed. As house prices start to slow around the country it is worth looking at which markets are still holding their own in a down market. Also the Feds have announced, there are unlikely to be anymore interest rate increases this year so one can expect there to be a number of homes in these still-recovering cities that will be a good investment over the longterm.
The cities that have recovered the mostHSH.com
Their analysis also showed that five markets have seen home values double. Some of these won’t be much of a surprise—Las Vegas, for example—but Sacramento’s place on the list might just be a side effect of how large a footprint the metro area takes up. Here are the five metro areas that have seen home values more than double since their low point.
- Cape Coral-Fort Myers, FL (up 101.13% from bottom)
- Stockton, CA (+118.18%)
- Las Vegas-Henderson-Paradise, NV (+145.26%)
- Sacramento-Roseville-Folsom, CA (+100.56%)
- North Port-Sarasota-Bradenton, FL (+104.51%)
One overall piece of good news was that the metro area that has shown the least recovery, Las Vegas, is only down by about 9% compared to its peak. But when compared to the worst of the downturn when it has made drastic improvement. If you looked at the ten least-recovered cities back then, Fort Lauderdale was the "best of the worst". Meaning, on the list of ten least-recovered cities it had the smallest gap compared to its peak. But the gap was an astounding 28%. Thus, the worst performing city today (Las Vegas) is still better than the "best of the worst" about ten years ago.
For more info and to see the cities that have recovered the least, check out the full report.
Follow me on Twitter @amydobsonRE
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Denver, Colorado, USA downtown city skyline at dawn.Getty
Good news, Denver. Your city has seen the greatest amount of recovery in home prices since it hit bottom. The real estate research site, HSH.com, uses the Federal Housing Finance Agency’s Home Price Index to determine which markets have, or haven’t, recovered and the latest analysis shows that Denver has seen the greatest amount of growth. They have tracked housing prices since 1991 and compare the change in growth to both a market’s peak and trough, thus it is a helpful marker of how cities at both ends of the extreme have performed. As house prices start to slow around the country it is worth looking at which markets are still holding their own in a down market. Also the Feds have announced, there are unlikely to be anymore interest rate increases this year so one can expect there to be a number of homes in these still-recovering cities that will be a good investment over the longterm.
The cities that have recovered the mostHSH.com
Their analysis also showed that five markets have seen home values double. Some of these won’t be much of a surprise—Las Vegas, for example—but Sacramento’s place on the list might just be a side effect of how large a footprint the metro area takes up. Here are the five metro areas that have seen home values more than double since their low point.
- Cape Coral-Fort Myers, FL (up 101.13% from bottom)
- Stockton, CA (+118.18%)
- Las Vegas-Henderson-Paradise, NV (+145.26%)
- Sacramento-Roseville-Folsom, CA (+100.56%)
- North Port-Sarasota-Bradenton, FL (+104.51%)
One overall piece of good news was that the metro area that has shown the least recovery, Las Vegas, is only down by about 9% compared to its peak. But when compared to the worst of the downturn when it has made drastic improvement. If you looked at the ten least-recovered cities back then, Fort Lauderdale was the “best of the worst”. Meaning, on the list of ten least-recovered cities it had the smallest gap compared to its peak. But the gap was an astounding 28%. Thus, the worst performing city today (Las Vegas) is still better than the “best of the worst” about ten years ago.
For more info and to see the cities that have recovered the least, check out the full report.
Follow me on Twitter @amydobsonRE