Northern Colorado Real Estate Blog

Every market has its submarkets, and real estate has plenty: new and resale single-famly attached and detached; for sale and for lease office, industrial and retail space; residential rentals; residential and commercial land, etc.  And all of these have multiple other categories within them.  Usually when one submarket is struggling, others are offering investment opportunities too good to pass up.

The residential rental market is hot in Northern Colroado right now.  Colorado Apartment Insights LLC’s statistics show a vacancy rate of 5.15% for all of Northern Colorado, with the rate going as low as 3.69% in Loveland.  The following factors also make it a prime time to invest in residential rental property:

Changes in lending practices making it more difficult for some people to buy homes;

Apartment construction is down;

Job growth is up;

Echo boomers are coming of age to form their own households;

The supply of homes for sale is shrinking;

Vacancy rates are decreasing and rents are increasing;

Call a Group Realtor to learn about properties on the market that offer excellent investment opportunities.  And check out the list of foreclosure properties on our website. 

The Group, Inc. Real Estate held its annual real estate forecast on Monday, February 4, at the Budweiser Events Center. About 1,500 people attended to hear Chairman, Chuck McNeal, present our predictions for 2008. Here is an overview:
Forecast for 2008

Continued low interest rates, projected growth in employment, and quality of life throughout this part of the state will continue to be the drivers of real estate sales. These economic indicators, along with rising residential rents and falling vacancy historically indicate an improving market. Inventory will continue to balance throughout Northern Colorado as builders limit their supply, and foreclosures are absorbed.

While all of our challenges are not behind us, signs point to improvement. Builders, developers, buyers, sellers and investors who do their homework will find opportunity in this market. On the horizon we see pent-up demand and even inventory shortages in some price ranges and neighborhoods as the economy recovers nationally.

To view the video presentation by employers and community leaders from throughout Northern Colorado as well as all information presented at the event, visit the ‘2008 Real Estate Forecast’ section of our website.