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Denver Business Journal reports: Denver home prices up for third month

Denver home prices had a 1 percent monthly appreciation in May, a 1.5 percent rise in June, and 0.8 percent in July. Not great, but this was the second-strongest showing of any of the 20 metro areas analyzed. Click the link above to see the entire article.

There continue to be signs that we may be near the bottom of the downturn in home prices. Perhaps when the current financial crisis gets settled, the bottled-up demand for new homes will be released.