Forbes: Denver 7th best for housing recovery

Denver home sales activity is up 1.5 percent year over year, and foreclosure resales account for less than a quarter of transactions, Forbes noted.

Colorado Springs fared even better, ranking as the third-best city for a recovery. Sales activity in the Springs is up 14 percent year over year, and foreclosure resales account for only 20 percent of those sales, Forbes said.

In compiling the list, Forbes looked at 161 of the country's largest metropolitan areas. It identified those where sales activity had picked up over the last year, but where foreclosure sales, as a percentage of overall sales were the lowest. All data came from Zillow.com, an online housing data firm based in Seattle.

"Our list doesn't profess to call the turnaround, but rather point out which cities are in the lead on the road to recovery," Forbes' Matthew Woolsey wrote.

Topping the list was the Miami-Fort Lauderdale area, where sales activity is up 27 percent and foreclosure resales account for 3.5 percent of transactions.

Rounding out the top 10 are, in order: Lincoln, Neb.; Colorado Springs; Salem, Ore.; San Luis Obispo, Calif.; Bremerton, Wash.; Denver; Redding, Calif.; Santa Barbara, Calif.; and San Jose, Calif.


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