Unsurprisingly, rents and home prices continue to creep up — these people all need housing!
Colorado added 100,986 people to its population between 2014 and 2015, making it the second-fastest growing state in the U.S., according to recent population estimates from the U.S. Census Bureau.
Many people I talk to outside of the real estate industry tell me that we’re seeing a bubble in the housing market, and that “eventually there will be a correction,” as if there is some arbitrary value to which homes ought to be worth in the Front Range.
I, on the other hand, look at larger economic trends (due to my academic background in international business and my political grassroots background) and make my conclusion from there.
What do you think?
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