Denver housing market increases driven by more people trying to buy homes

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Residential property in Five Points. (Kevin J. Beaty/Denverite)

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Residential property in Five Points. (Kevin J. Beaty/Denverite)

Denver’s housing market is stable and growing, according to Freddie Mac’s Multi-Indicator Market Index.

The growth though, is mostly because of a 9.02 percent increase in the number of home purchase applications relative to the single-family housing over the last three months. That gain puts home purchase applications just slightly above stable, according to the scale.

Naturally, all this means that Denver is among the biggest growing markets nationally. Orlando has the biggest year-over-year gain so far, with 16.85 percent growth, but Denver’s close behind with a 14.02 percent increase.

Also fun for would-be homeowners, Denver is 10.2 percent below its all-time high score on the index, 115 in May 2000.