Denver is 'most improved' U.S. housing market, BusinessWeek says

Denver is the "most improved U.S. housing market," according to a new report from Bloomerg Businessweek.

"In Denver, the economy and employment slowed just as other areas did during the recession, but things appear to be moving in the right direction this year," the report says.

It says Denver-Aurora-Broomfield metro-area home prices increased 5.8 percent in the first quarter from the same period of 2009 as sales grew and distressed sales fell, based on data from CoreLogic of Santa Ana, Calif. And it cites research by Development Research Partners of Littleton forecasting a 5 percent boost in both home sales and prices in the Denver-area this year.