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Denver area homes have shed $5 billion in value the past year amid jump in mortgage rates

Overall, the U.S. has gained $2.6 trillion in home value, Zillow reports

The value of all homes in metro Denver is down by about $5 billion over the past year, even as home values nationally rose by $2.6 trillion, according to Zillow. (AP Photo/David Zalubowski, file)
The value of all homes in metro Denver is down by about $5 billion over the past year, even as home values nationally rose by $2.6 trillion, according to Zillow. (AP Photo/David Zalubowski, file)
DENVER, CO - NOVEMBER 8:  Aldo Svaldi - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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Despite a drop in home prices in the second half of 2022 due to a surge in mortgage rates, the value of all homes in the U.S. rose by $2.6 trillion over the past year, according to Zillow.
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