Colorado housing market is the seventh fastest-growing in the country. It’s been underrated for a long time, but there has been a massive spike in newcomers in recent years. The Centennial accommodated nearly 80,000 new people last year, which is a population growth of 1.4%. This outranks the national average of 0.6% as per the Census Bureau.
Moreover, the last few years have been fascinating in terms of economic growth for Colorado. Colorado’ economy grew 4.5% year-over-year in Q1 2018 as per the Bureau of Economic Analysis (BEA). Also, the state added about 72,200 jobs last year (a year-over-year increase of 2.7%). As of June 2018, the unemployment rate of Colorado is 2.7%, which is significantly lower than the national average of 4%!
These factors supported Colorado rank in the top 10 states in America, where one can also land their dream job. With a strong economy and a booming population, it’s anticipated that the Colorado housing market 2019 will remain a practical option for real estate investors.