In a report that came out in CBS Money Watch, Zillow states that home prices across the country have rebounded to their pre-crisis levels and home values are expected to rise 3% this year. The regions with the best recovery are the South and West and are likely to see above-average gains.
Denver was projected to be one of the 10 hottest real estate markets in 2017, with home prices expected to increase 3.6 percent. That’s the smallest increase for the 10 cities Zillow singled out, but Denver boasts an very low unemployment rate of 2.9 percent and incomes in the city are increasing by about 1 percent each year. Denver often appeals to those who enjoy outdoor leisure activities and sports due to the close proximity to Colorado ski resorts.
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