Denver home prices rising at fastest rate in US, report says

Chart: Jan 2015 home price index

record-setting ways, with a new report showing the numbers here rising at a faster rate than 20 major U.S. markets at the beginning of 2015.

The S&P/Case-Shiller Home Price Index for Denver rose by 8.4 percent in January 2015 compared to the same month last year. The same index for the entire nation rose 4.5 percent, with prices rising about twice as quickly as wages are -- and even faster in Denver.

“The combination of low interest rates and strong consumer confidence based on solid job growth, cheap oil and low inflation continue to support further increases in home prices” said David M. Blitzer, managing director and chairman of the Index Committee for S&P Dow Jones Indices.