agency's home price index to determine which markets have, or haven't, recovered and the latest analysis shows that denver has seen the greatest amount of growth. they have tracked housing prices since 1991 and compare the change in growth to both a market's peak and trough, thus it is a helpful marker of how cities at both ends of the extreme have performed. as house prices start to slow around the country it is worth looking at which markets are still holding their own in a down market. 