Home prices rise in March

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Pending Home SalesColorado home prices rose 9 percent in March, setting a record, according to a report released this week by CoreLogic.

The 9 percent figure includes distressed properties.

The figures were not broken down by county

Colorado’s performance is something to cheer, said Peter Niederman, CEO of Kentwood Real Estate.

“That is good news,” Niederman said. “It’s another national site talking about Colorado in a positive light. It is outstanding.”

Home prices in Denver rose 9.1 percent in February from February last year.

Nationally, prices increased an average of 11.1 percent.

When distressed homes were excluded from the figures, Colorado home prices increased by 7.0 percent.

The CoreLogic report showed that in March Colorado, Washington, D.C., North Dakota, South Dakota, Texas and Wyoming surpassed previous home peaks.

The report also showed that home ownership in the United States is at its lowest in 19 years, at 64.8 percent.