According to a new study from HSN.com, that uses data from the Federal Housing Finance Agency's (FHFA's) Home Price Index, the Denver housing market is now 49.1% above the old high reached in 1Q 2006. Denver Post staffer Aldo Svaldi explains how Denver and the other top markets didn't get caught up in the exaggerated home price gains seen in other states and saw robust job gains.
Denver has not only exceeded it's 2006 high but has also seen long term appreciation from when the index first began in 1991:
Since the FHFA home purchase index started back in 1991, metro Denver home prices have quadrupled. No other metro, not even San Francisco, has managed that kind of long-term appreciation. Miami’s index did quadruple from 1991 to 2007, but hasn’t regained those highs after crashing. Only economic rival Austin comes close to matching Denver’s performance.