Job growth tends to be a leading indicator of housing market strength, and job loss tends to predict housing weakness. Here are some interesting facts. Unemployment in Colorado is currently running at about 8.0%, versus 8.6% nationally. According to Governor Hickenlooper’s office on January 23, 2012, 1500 jobs have been created in Colorado in the last 60 days. On January 15, the Denver Post reported that net in-migration from other states is growing. Best of all for housing, among 25- to 44- year-olds, Colorado is the most popular state in the nation for relocation. Finally, interest rates continue to stay at record low levels, while Denver’s inventory of resale homes in 2011 was only about 2/3 of that in 2010. If you are considering listing your home, the market’s low inventory levels may provide you with a real opportunity. Please call me if you would like a free, no-obligation analysis of the price at which your home might reasonably sell in our spring market.
