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Is There A Bubble?
Economists say there are three reasons why we aren’t in a housing bubble today.
The first reason they mention is the amount of new home construction compared to the 2006 housing bubble.
Today, along the Front Range, new home starts are down 38% compared to 2006. This is despite a much higher population than 12 years ago.
A major factor that caused the bubble was the glut of new construction inventory which doesn’t exist today.
Metrostudy, a leading new home research firm, says that Front Range builders need to have built 30,000 more new homes over the last 5 years to keep up with demand.
To see the whole story about our market along with other stats and trends, watch the recording of Tuesday’s Windermere Workshop right here.
See all the latest facts, stats and trends of the Colorado market from the comfort of your own laptop.
Watch the Windermere Workshop video for a mid-year market update.