Metro Denver home value $265B

Homes in metro Denver had a gain of $21.9 billion in value in 2013. Up $18 billion from 2012, with a cumulative value of all homes at $265 billion, reported Zillow. The housing market grew driving prices up due in part to low mortgage rates, an improved economy, and unemployment rates dropping 6.5% in November — the lowest since 2008. Gains are expected to continue at a slower pace towards a sustainable healthier market for 2014.