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Metro Area Home Owners Get Bad News

DENVER (CBS4) – Some bad news for homeowners — house prices in Denver are now back to what they were in 2000.

A report from the real estate company Zillow says metro area home prices are 9.6 percent lower than a year ago and nearly 30 percent off their 2006 peak.

The number of families who are underwater, or owe more than their house is worth, rose to 41 percent last quarter.

In March more than a third of all homes sold in the metro area were sold for a loss.

  • Steve Fenton

    can you give me a website address so I can look up comp. sales in my area for my type house?

  • denvervet

    So sad for us homeowners. I am glad I am not selling. Imagine buying a home a while back for 300k and it only being worth 200k now? What a mess.

  • Quint Palmer

    We can thank, in part, Osama Bin Laden for his contribution to this problem. But hopefully his death will play a part in the dismantling of a system that contributed to the economic freefall our country has experienced in the past several years.

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