Strong economy keeping home prices on the rise

There has been a lot of publicity given to the residential real estate market recently, headlined by rising prices, which in the Denver metro area are at the top of the list nationwide. Case Shiller says year-over-year prices are up 10 percent, REColorado reports 11.3 percent and CoreLogic comes in at 9.8 percent. We thought we would take a look at the price gains in the BizWest four-county area (Boulder, Broomfield, Larimer and Weld counties) by way of comparison.

For single-family detached homes, the median price the first six months of this year is $315,500, compared…