Due to the rising property prices and the limited supply of houses and apartments, the North Colorado real estate market is getting hotter and hotter. Experts predict that in 2016 home prices will continue to rise in the state’s most dynamic cities: Denver, Loveland and Forth Collins . This is certainly excellent news for realtors who are looking to boost their profits by investing in booming real estate market at home as opposite to Australia, some Eastern Europe properties , South America or other exotic
North Colorado has one of the healthiest economies in USA and offers a wide and diversified job sector to locals and people who are moving here. This is the engine of its real estate growth. Experts consider that every investment made in the red-hot market (Denver, Fort Collins and Loveland) is a sure bet. For instance, in 2016 the average sale price of a single-family house in Loveland is estimated to reach $338,000 and in Fort Collins the same type of property will cost over $388,000.
Of course, what might sound like terrific news for investors represents a real disaster for the mid-class people who are trying to buy a house and can’t afford the staggering prices asked by the sellers. Still, the high property costs are a natural consequence of the limited supply. For the past five years the number of new home projects has been rising, but it still represents only half of what realtors were building in 2004 and 2005, during the real estate boom. Now investors are more reserved in starting