Colorado Springs Properties

Where Home Prices Are Likely To Rise as ranked by Forbes Magazine

Colorado Springs is number 7 in the article. That means with the dip in interest rates and this good news, it’s a great time to buy real estate in Colorado Springs!

To determine where house prices are expected to rise next, Forbes.com looked at projections for housing starts from the NAHB and job-growth figures from Moody's Economy.com, for the 100 largest metro areas in the U.S. The estimates are based on the cost structures of business in the respective cities and the composition of the local economies.

Housing start projections from the NAHB may seem like wishful thinking. Trade-association economists often view their own industry through rose-colored lenses. The National Association of Realtors (NAR), for example, has developed a reputation for its positive outlooks despite negative numbers.

This means that recovery is likely in the cards for even the hardest-hit spots. Cities like Colorado Springs, Colo., may be reeling from high defaults and foreclosures, but from 2007 through 2012, their economies are expected to experience 2% and 1.6% average annual job growth. That means more in-migration and more money in the economy, factors that help businesses grow and profit--and put more money in residents' pockets.

7. Colorado Springs, Colo.
Housing starts 2008: -37.6%
Housing starts 2009 increase: 53.2%
Single-family increase: 49.6%
Multi-family increase: 81.8%
Job growth 2007: 0.9%
Average job growth 2007-2012: 1.6%

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Excerpts taken from Forbes Magazine article written by Matt Woolsey