Potential Real Estate Values And Current Business Climate Look Good For Colorado



Not long ago Forbes released a study naming the top ten real estate markets in the United States which had the best potential for price appreciation in the coming years. The market in Colorado Springs was number six on the list. In fact, the state of Colorado in general fared well in the study, with the Denver market listed in eighth place. The list was topped by the Raleigh, North Carolina, market, and after Raleigh were two markets in Texas. One criterion that was common to all the cities that placed high in the study was that a large percentage of workers in each region were employed in high growth occupations.



In fact, the state of Colorado has been named in several other studies which attempted to measure business friendliness and potential home value appreciation.



In another annual study published by Forbes, Colorado placed 4th for the second straight year in their study of states that had the best environments for overall business activity and careers. The study rated states in a number of categories including labor supply, overall cost structure, regulatory environment, economic climate, quality of life, and growth prospects. Specifically Colorado was ranked fifteenth for regulatory environment, ninth for quality of life, 6th for growth prospects and economic climate, first in the labor supply category, and 33rd in business costs.



The state of Colorado was also ranked number two overall in another survey. This is called the State Competitiveness Report and is undertaken and published every year by the Beacon Hill Institute. This survey is quite detailed and ranks states in 43 unique categories. The highest ratings for Colorado were given in the categories of Business Incubator at number four, Infrastructure at number five, and Technology at number three.



Certainly real estate sales are down in Colorado as they are in most if not all states in the U.S., but it appears that the future for the state looks relatively bright once the market finally works through its many issues, including the foreclosure problem and overall job confidence, and starts to stabilize somewhat.

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