Predicting the future is less difficult with having the benefit of past history. Trends develop and a pattern is established providing clues.
Clues to the future of real estate in Denver consist of the following:
- Colorado ranks 14th in the nation in employment growth – the national unemployment rate stands at 5.0%; Colorado’s jobless rate is at 3.8%
- Colorado is experiencing growth in health care, mining, legal and engineering industries.
- Denver area transportation improvements are providing better job access
- Net migration to the Denver metro is increasing
- Housing inventory levels are decreasing (5.15% less than the same month last year)
- Home prices are increasing but at a conservative rate, the average for all residential (detached and condos) increased $15,000 since May of 2007.
- Interest rates are slightly less than last year this time.
Overall Denver the fundamentals are improving; better job market, low mortgage rates and higher household wealth.
Metro Denver real estate trends are looking very positive. Now is the time to invest in real estate. Are you ready?
About the Author
Kristal Kraft
Kristal has been helping buyers and sellers in Colorado since 1984. She enjoys sharing her knowledge of the Metro Denver Real Estate market via blogging and in person while driving around the beautiful Rocky Mountain town of Denver! For fun, Kristal enjoys shooting things with a Canon. Visit Denver Photo Blog
Related posts:
Kristal Kraft
