In Denver home prices increased 4%, which is not a small number. This and the fact that vehicle sales are up 36.2% in Colorado are continued signs indicating growing consumer confidence in the economy.
Below is a chart showing home price increases
June home price index
| City |
June index
|
Change from May
|
Chg. from June 2011
|
 | |||
| Atlanta |
91.74
|
4.4%
|
-12.1%
|
| |||
| Boston |
154.43
|
2.5%
|
0.0%
|
| |||
| Charlotte |
114.45
|
1.0%
|
0.8%
|
| |||
| Chicago |
113.61
|
4.6%
|
-1.7%
|
| |||
| Cleveland |
101.58
|
2.2%
|
0.9%
|
| |||
| Dallas |
120.15
|
1.3%
|
3.7%
|
| |||
| Denver |
131.06
|
2.0%
|
4.0%
|
| |||
| Detroit |
71.18
|
6.0%
|
2.5%
|
| |||
| Las Vegas |
93.94
|
1.5%
|
-1.8%
|
| |||
| Los Angeles |
168.57
|
1.7%
|
-0.6%
|
| |||
| Miami |
145.62
|
1.6%
|
4.4%
|
| |||
| Minneapolis |
118.74
|
4.8%
|
5.7%
|
| |||
| New York |
163.4
|
2.1%
|
-2.1%
|
| |||
| Phoenix |
114.68
|
2.5%
|
13.9%
|
| |||
| Portland |
138.51
|
2.5%
|
3.0%
|
| |||
| San Diego |
154.76
|
1.1%
|
-0.2%
|
| |||
| San Francisco |
139.01
|
2.8%
|
3.0%
|
| |||
| Seattle |
139.89
|
1.8%
|
1.8%
|
| |||
| Tampa |
132.84
|
1.9%
|
3.4%
|
| |||
| Washington |
189.75
|
2.1%
|
3.9%
|
| |||
| Composite-20 |
142.21
|
2.3%
|
0.5%
|
| |||
| The indexes have a base value of 100 in January 2000; so an index value of 150 translates to 50% appreciation for a typical home in the market. Source: S&P Dow Jones Indices and Fiserv | |||
