Boulder Realtor Optimistic About Economic Indicators

While there are people in both camps of thought about what’s to come in our economic future. This Boulder Realtor remains optimistic. The Business Research Division of the Leeds School of Business at the University of Colorado at Boulder published this report on Boulder County’s Leading Economic Indicators.

As this shows employment and retail sales trending upwards and unemployment trending downwards, even though they suggest that employment growth may slow, this data seems promising overall.

While the Boulder County Real Estate Economic Indicators Report seems to indicate slower housing growth, it’s seems to focus only on building permits.

In my opinion, it’s a great thing to see the number of building permits issued going down. If this translates to fewer new homes on the market, we may actually see some relief for sellers in places like Erie and Longmont where sellers of pre-owned homes having trouble selling.

I’m amazed to see new home construction continue in these communities. While Boulder hasn’t seen this difficulty due to continued high demand and very limited inventory of new homes cities in Boulder County and eastward such as Longmont , Erie , Frederick, Firestone and Brighton are having trouble. (most of the new construction in Boulder seems to be condos and smaller projects or individual custom builders)

The Boulder area tends to trend opposite the national real estate market so while we’re seeing price changes downward and difficult markets for sellers and property owners in communities like Las Vegas, Phoenix and Southern California, Boulder should be swinging the other way. If historical data over the last 40 to 50 years is an indicator, we’re overdue for a trend upwards in Boulder real estate values. It will be very interesting to see what pans out for 2008 in Boulder and beyond.

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