A Boulder Real Estate Thanksgiving!

by David Gerlitz on November 24, 2011

The Boulder Real Estate market has rarely had so much to be thankful for! While the rest of the country (and even some parts of the state) have hit some hard times, the Boulder real estate market has weathered the storms as well as could be expected, opened up some new opportunities, and basically kept chugging along.

A Boulder Real Estate Thanksgiving! Things To Be Thankful For In The Bouder Real Estate Market

Having been a real estate investor first and then a Boulder Realtor, I have to say that one of my favorite parts of this market is the availability of rental property for purchase! When the market is sky high and moving up is NOT the time to jump into real estate. This more normal market is when real estate investing shines. Properties are dropping in price and inventory is higher than it has been in years.

Which brings me to the second part of my Boulder real estate investing thankfulness, rising occupancy rates coupled with rising rental rates. That’s right, with more people losing their homes to short sales and foreclosures comes an increase in occupancy rates and higher rental prices due to demand.

A really unique thing about this recession is that while home prices have dropped, interest rates have remained at near record lows. In the 1980′s, the last true recession era, the prime interest rate reached 20% on April 2, 1980. Compare that with today’s prime rate of 3.25% and you can see why we are so excited about cheap money. source Bank Prime Loan Rate Changes: Historical Dates of Changes and Rates

On the residential side, the Boulder real estate market has always fared somewhat better than other areas. Some reasons include restricted building, a focus on economic development and strong base of higher than median housing prices that keep their value, even in an economic downturn due to the aforementioned reasons.

All these things PLUS the sound of a Buffs game in the fall, shopping on Pearl Street and heading to the mountains at a moment’s notice, make me thankful to be a Boulder Realtor!

Related posts:

  1. Boulder Investment Properties – In A Class By Themselves
  2. Rental Pricing Guidelines in the Boulder Real Estate Market
  3. Economic Vacancy is Low in Boulder Colorado Real Estate
  4. Financing Challenges for Boulder Investment Properties
  5. Student Housing Investment Property and Generation Y

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