CO: Denver Home Prices to Remain Weak for Rest of 2011

The Denver market is forecast to be one of the weakest for home prices during the second half of the year, according to a report released Friday by Clear Capital.

The Truckee, Calif.-based company’s newest Home Data Index Market Report shows home prices nationally fell by 3.2 percent in the first six months of the year and forecasts another 2.4 percent decline in the last six months.

Clear Capital includes the Denver area on its list of the 15 lowest performing major markets in the United States. Denver is No. 10, with an expected 3.2 percent decline in home prices in the last half of the year. The actual decline for the first half was less severe, at 0.4 percent.

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