Case-Shiller Index up in Denver area

Denver was one of only five metropolitan statistical areas analyzed by S&P Indices for its S&P/Case-Shiller Price Indices to see positive annual returns from 2011.

The Case-Shiller Index rose 0.5 percent in Denver year-over-year in February to 121.81.

Twenty MSAs were studied to compile the Case-Shiller Index for February 2012, with most seeing negative annual returns. Nine of the cities analyzed and both composites hit new post-recession lows.

The 10-City Composite showed an annual decline of 3.6 percent to 146.9 and the 20-City Composite showed a decline of 3.5 percent to 134.2.

“While there might be pieces of good news in this report, such…