Colorado home prices rising at fastest rate in country

Home prices rose faster in February in Colorado than in any other state, according a report Tuesday from CoreLogic, a California firm that tracks housing trends.

Colorado home prices, including distressed sales, rose by 9.8 percent between February 2014 and February 2015, according to the CoreLogic HomePrice Index.

South Carolina home values had the second-biggest jump, at 9.3 percent, and Michigan was third, at 8.5 percent. At the other extreme, home prices declined 0.9 percent in Connecticut and rose only 0.1 percent in Louisiana.

"This is the hottest home-price appreciation prior to the spring-selling season in nine years," Anand Nallathambi, president and CEO of CoreLogic, said.

If interest rates remain low and consumer confidence strong, home prices nationally are on track to rise an additional 5.1 percent in the coming year, CoreLogic forecasts.

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