1 yr. home price change
: +7.3% Median home price
: $240,000 Unemployment rate
: 8.3% (20th highest)
The Colorado housing market was not badly damaged when the housing bubble broke. Home prices dropped 9.5% from the first quarter of 2007 to the first quarter of 2012, which was the 18th best among all states. The market’s recovery rate will put it in the middle among the 50 states. Colorado home prices are forecast to recover at 3.7% between the first quarter of this year and the first quarter of next year, the 22nd-highest increase. Over the longer period from the first quarter of this year until the first quarter of 2017, prices are expected to improve 2.4% per annum, which ranks it 42nd.
(iStock Photo) More From 24/7 Wall St.
: America’s 10 Disappearing Jobs Cities with the Most Homes in Foreclosure American Cities Adding the Most Jobs The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.