September 29  |  Uncategorized

Home prices give Colorado homeowners something to appreciate

Colorado ranked No. 8 among all states and the District of Columbia for home price appreciation over the 12 months ending on June 30, 2014, according to the latest Federal Housing Finance Agency (FHFA) Home Price Index.

Colorado’s average price appreciation over that period was 7.76 percent, well ahead of the U.S. average of 5.25 percent. Nevada ranked first at 14.8 percent. Only one state, Mississippi, experienced average price decline (-.51 percent) over the 12-month period. The FHFA index is based on sales involving mortgages guaranteed by Fannie Mae and Freddie Mac.

Locally, Fort Collins-Loveland ranked No. 60 among 276 cities at 9.02 percent appreciation, and Greeley was close behind at No. 62 with 8.99 percent.

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