Boyce Thompson has posted an interesting blog article on Builder Magazine Online. Five leading housing analysts were asked which five markets will recover first. The metro Denver area and the Fort Collins/Loveland area were each in the top five picks by two analysts. Interestingly, both analysts were based in California. Colorado was omitted from the picks of all other midwest and east coast analysts.
Denver was the #5 pick of John Burns. He noted “One of the best places to live in the country, Denver was just recovering from the telecom bust when it got hit by the national economic downturn as well. Housing is extremely affordable and foreclosure activity, which used to lead the country, is now much lower than most other areas of the country.”
Fort Collins/Loveland was the #2 pick of Jonathan Smoke, Senior Vice President with Hanley Wood Market Intelligence. He commented “Not only is the housing market relatively healthy here, but the market can lay claim to biotech and clean energy industries that will benefit from government stimulus efforts. Given the positive job growth here, prospects for future price appreciation are strong.”
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