Home prices are rising with impressive vigor across much of the South — especially Texas — as well as in pockets of the West and the industrial Northeast.
Other parts of the country are having a tougher time. Home values remain depressed today in several California, Florida and Nevada cities that were hit especially hard by the Great Recession of 2007-2009, according to an American City Business Journals (ACBJ) analysis of new federal data.
The current national pacesetter is Texas’ capital city, Austin, where the value of a typical home has soared by 64.9 percent since 2006.
Second place belongs to Denver, whose real-estate values have increased by an average of 45.5 percent in 10 years. Rounding out the top five is a trio of Texas metropolitan regions: Houston (up 45.2 percent), Dallas (43.6 percent) and San Antonio (35.9 percent). Scroll to the bottom of this page for a database with the latest numbers for 124 major markets.
Read more at the Denver Business Journal: http://bit.ly/2hgXDtW