Wednesday, January 14, 2009

STATE OF THE MARKET - PART 3

A study by Relocation.com reports this week that Denver is the second best projected relo market in the country for 2009, behind only Las Vegas. It's the second straight year Denver has been ranked as a top five relocation market, and it's due in large part to relatively affordable housing, an economy that's decidedly stronger than the nation's as a whole, and a great quality of life.

The study ranked metropolitan areas with a population in excess of one million. Other top five citites for 2009 were Charlotte, Phoenix and Portland.

Relocation.com analyzed nearly 500,000 moving quote requests from 2008 in arriving at its list for 2009. About 14% of those requests involved out-of-state moves, according to the company.

As an interesting sidebar, the Denver Post ran a story this week on people leaving California and moving to Colorado. You can check it out here. Note that there are over 250 comments on this story, and counting.

That there's this much energy around the subject shows that people have strong feelings on both sides of the population growth issue. The fact is, however, that we are growing, people are attracted to Colorado, and that continued migration into the state over time will strengthen both the housing and rental markets.