Housing Wire Magazine just published Forecast: Strongest and Weakest Markets for Next Year and one thing is clear… the Colorado housing market is on fire! Trends indicate that the Northwestern US and Colorado will see an increase where typically hotter markets like California’s San Francisco will continue to slow based on a property shortage and prices that are out of reach for most. Colorado will likely continue its upward trend in the real estate market. Three of the top five strongest cities are in the Centennial State. The article ranks the markets based on reports from Veros Real Estate Solutions – an enterprise risk management and collateral valuation service.
The top five markets that are predicted to be the strongest in the United States in 2017 are:
(5) Boise City, Idaho – expected to see an appreciation of 9.7%
(4) Seattle, Washington – expected to see an appreciation of 10.2%
(3) Ft. Collins, Colorado – expected to see an appreciation of 10.3%
(2) Boulder, Colorado – expected to see an appreciation of 10.5%
NUMBER ONE – Denver, Colorado – expected to see an appreciation of 10.8%
Clearly, the front range is exploding, and why wouldn’t it? Ft. Collins, Boulder and Denver are well known as some of the best cities to live in. The cities that are predicted to represent the five weakest markets are Waterloo, IA, Longview, TX, Cumberland, MD, Poughkeepsie, NY and Atlantic City, NJ with an expected depreciation ranging from -1.3 to -2.4%.