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Denver among top U.S. cities for 2009 home-value gain

Denver among top U.S. cities for 2009 home-value gain

by Brian Petrelli 9. December 2009 15:47

From the Denver Business Journal:

Denver among top U.S. cities for 2009 home-value gain

 Metro Denver had the third-largest gain in home values among cities nationwide in 2009 through November, with a $10.7 billion increase, according to Zillow Real Estate Market Reports.

Only Boston ($23.3 billion) and Providence, R.I. ($12.4 billion) had greater gains in home value.

U.S. home values as a whole dropped $489 billion in this year’s first 11 months, which was significantly less than the $3.6 trillion drop in home value sustained in 2008, the Zillow report said.

Forty-eight of the 154 markets Zillow tracks showed gains in home values through last month.

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