Boulder’s economy continues to be extremely robust. Data from 2017 indicates that we have extremely good employment rates / record low unemployment, a strong real estate market with last year still showing increasing value appreciation, and private investment & venture capital activity is at a 10 year high.
Some experts are concerned that the pattern of a robust economy, with an aging population and the baby boomers continuing to exit the workforce is creating a platform for increased difficulty for Boulder and the front range.
The high cost of living in our area may be making it difficult for younger, fresh new workers to locate from other parts of the country into our market.
Colorado is 9th in the United States in terms of growth rate at 1.4%, most of which is localized along the front range / I-25 corridor.
Boulder county’s growth rate is flattening, while other counties such as Weld, Adams, and Larimer are experiencing and anticipating increased growth rates.
It’s somewhat ironic to think that the lack of a substantial workforce is going to create a reflex action where we eventually may see a decrease in job growth.
To quote Richard Wobbekind, executive director of the Business Research Division at the University of Colorado Boulder’s Leeds School of Business: “…the city — described by some as “25 square miles surrounded by reality” — now “is surrounded by competition,” with Longmont, Broomfield, and neighboring counties attracting jobs and residents.
Thinking about buying a new home, or getting ready to sell? Call me today!
Zachary Epps, GRI®, ABR®, MCNE®, CLHMS®, SRES®, REALTOR®,
RE/MAX Hall of Fame, RE/MAX Platinum Club
I’d seriously enjoy having the opportunity to talk to you about your plans if you’re moving, or if you know someone who is considering a move, and needs some straight answers.
Also, I’m never too busy for your referrals. As a real estate professional intent on giving back to the community, my relationship-based approach is exactly what you’ve been looking for in a helpful RE/MAX Professional.