This is a very thorough and easy to read analysis of the Denver housing market completed by the National Association of Realtors. You can see throughout the study that Denver is ahead of the nation in many areas. Here are some highlights:

-- The Denver area had 1 year appreciation of 16.5% compared to -.5% for the US as a whole.
-- The Denver unemployment rate in March was 8.5% compared to 9.7% nationally.
-- Denver's Monthly Mortgage Payment to Income ratio is 10.8%, compared to 14.4 nationally, making it a more affordable place to live than most markets.
-- The state's total foreclosure rate is about 2.9% compared to about 4.7% nationally.

View the report (pdf)