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JP Egbert & Associates, LLC

Boulder County Real Estate
The Strongest U.S. Housing Market...BOULDER!!!! (duh ;)

http://www.businessweek.com/lifestyle/content/aug2009/bw20090810_741278.htm

 

No. 1: Beautiful Boulder

Boulder was one of several college towns on the list, which also included a few military towns such as Fayetteville, N.C., and Jacksonville, N.C. Both government and university jobs have been relatively reliable during this recession. Affordability also seems to be a plus in this economy. Oklahoma City; Tulsa; Binghamton, N.Y.; Springfield, Ohio; Cumberland, Md.; and most other metros on the list have median home prices below $200,000 (some are under $100,000).

Boulder has several factors working in its favor. The town has controlled growth by putting limits on development and by acquiring more than 50,000 acres of open space for a greenbelt that surrounds the town. With the boundary of the Rocky Mountains to the west, the supply of new homes has been restricted.

Boulder's economy and housing market have slowed, but the University of Colorado provides jobs and a steady flow of tenants for the area's many rental homes. Demand for housing is also strong in part because the area is so pretty, said Tom Thibodeau, global real estate capital markets professor at the University of Colorado.

"Every year 5,000 undergraduates enter, and they don't want to leave when they graduate," Thibodeau said.

 

Posted: Monday, August 24, 2009 8:36 AM by Jennifer Egbert

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