Sunday, August 16, 2009

BUSINESS WEEK CALLS BOULDER NATION'S STRONGEST HOUSING MARKET

August has been a very good month for the housing market in Colorado, at least in the media.

First, Money Magazine named Louisville the best town in America in which to live.

Next, Forbes declared Denver to be the seventh best housing market out of 161 metropolitan areas it surveyed around the country.

And now, Business Week says Boulder has the strongest housing market of all.

According to the article:

Boulder has several factors working in its favor. The town has controlled growth by putting limits on development and by acquiring more than 50,000 acres of open space for a greenbelt that surrounds the town. With the boundary of the Rocky Mountains to the west, the supply of new homes has been restricted.

Business Week also cites the positive influence of CU on the job market, both with university and research positions as well as high tech employers who take advantage of the strong pool of graduates who come to Boulder as students and decide not to leave.

Business Week says nearly 60% of homes in the Boulder market are appreciating in value, making it one of the safest bets anywhere in the United States