Despite a steady rise in single-family home prices and a steep drop in foreclosures, a national index of housing market health concluded Grand Junction’s market fell ill in the first quarter, showing symptoms worse than all but two of the 400 U.S. cities indexed. Prospects for rapid growth in the local real estate market weakened after Grand Junction endured the third-biggest drop in healthy market conditions of any city in the country, according to the index published last week by Nationwide Economics.
