According to the article in USA Today Online, no. Pfew.
But I am in real estate, so I already knew that.
In fact it claims Colorado is in expansion.
I am not going to say too much on this. I do like her analysis of "as in politics, all economics is local." Sounds like my song of real estate is local. It is very broad to say that most of Colorado is in expansion. But to say almost all of Colorado is, I am not sure I agree with that. It goes much deeper and much more local than that. Some yes, some – not so much.
But as we all know, and the author points out, the housing market is linked to the overall health of the economy and vice versa and the states in more trouble had a huge housing growth that the economy did not keep up with it. In Colorado, our economic growth forecast is good, with more companies all the time announcing expansion in the area. Just last month we heard about the ConocoPhillips land purchase in Louisville.
The graph shows the only area of Colorado that is "At-Risk" is Colorado Springs, but even there I suspect we will see a bounce back through the spring and summer months in the housing market that will be tied directly to later year end reports of the economy health.
Thanks to my friend The Phoenix Real Estate Guy for posting about this article which is where I first saw it.
