There is Good News about Colorado’s Economy!

If you are like me, you are starting to dread the doom and gloom of the national economic news reports. Well, it’s time to focus on some positive news - both the Denver and Colorado economies have many bright spots, including:

·        The University of Colorado at Boulder’s Leeds School of Business released its annual Business Economic Outlook mid-year update today. While there are a few concerns, including high gas prices and inflation, the report is still optimistic that Colorado will see job growth of 1.5 percent (revised downward from 1.9 percent). The report emphasizes Colorado’s booming energy industry that continues to fuel job growth. CU economists believe that Colorado’s economy will be much less impacted than most states in the midst of a national economic downturn.

·        According to Mayor Hickenlooper’s State of the City address last week, Denver has added 30,000 new jobs and 1,500 new local businesses over the past five years. The Mayor is committed to,” expanding and strengthening our small-business sectors.” Hickenlooper also mentioned that 2007 was Denver’s best tourism year ever – there were a record 12.2 million overnight visitors last year.

·        Metro Denver Economic Development Corporation’s Monthly Economic Summary for June 2008 indicates that many of Metro Denver’s economic indicators are favorable, including a relatively healthy job market and an improving real estate market. Denver’s unemployment rate was only 4.3% in April.

A sturdy Denver economy is key to a strong Denver real estate market rebound. For more information on the state of Denver’s economy, please contact TeamCox Realtors at 303-400-6060.

Search for Denver Real Estate

Denver Real Estate Market Once Again Outperforms National One

You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.