If you've hesitated about whether it's the right time to buy real estate, or if you've been wondering if Northern Colorado is the right place for your investment, there a number of factors that have emerged in recent weeks that are worthy of consideration.
In its June 4 issue, U.S. News & World Report forecasted that Fort Collins-Loveland will be one of the top 10 markets for housing value appreciation over the next 10 years. U.S. Newscommissioned Moody's Economy.com to conduct the research, which included an analysis of employment data, population growth and industry trends for 384 metropolitan statistical areas.
From that analysis, Moody's Economy.com said homes in the Fort Collins-Loveland should gain value at a rate of 4.07 percent per year through the end of 2018. That means a home valued at $212,000 - the average area home price at the end of 2008 - would be worth $315,817 in 10 years, or an overall gain of 49%!
While these projections are impressive, history shows us that they may even be conservative. Since 1976, the average home price in the Fort Collins-Loveland area has actually increased at a 6% annual rate. Understandably, it's possible Moody's Economy.com has tempered its outlook due to the current recession. Regardless, purchasing a new - or second investment home - remains one of the safer places to increase your financial picture.
The Group Real Estate Insider. July 2009. Magazine predicts price appreciation for Fort Collins-Loveland market. Fort Collins, Colorado. Volume 33, No. 6