The S&P/Case-Shiller Home Price Indices report showed that prices continued to rise nationwide. The National Index grew 7.1% in the second quarter and 10.1% over the previous year. Denver was one of two (Dallas was the other) MSAs that reached all-time highs of $140.28, a 1.7% gain in June. Overall, Denver was up 19.3% in June from its trough in February 2009 of 120.21.

David M. Blitzer, chair of the Index Committee at S&P Dow Jones Indices, said that while nationally, prices are up more than 10 percent, they're beginning to moderate. Yet, "despite recent increases in mortgage interest rates, affordability is still good as credit qualifications have eased somewhat." Read more...

 

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