President Conway forecasted that residential developments would be noticeable in the Lone Tree area as well as Bennett, Strasbourg and Byers. Interest rates will remain affordable. Most agree the Federal Reserve Board will lower rates early in 2001. Employment growth will concentrate in the Gateway area with over 60,000 jobs. Highlands will attract the well educated, professional employees.
Optimism prevails even though there are some storm clouds on the ridge.
Economists and housing forecasters will agree, in 2001 Colorado and Denver housing market will cool because of the national slow down. If the market cools, supply will increase and appreciation will slack off, opening up more opportunities for entry level homebuyers. Expect more companies to locate closer to where their employees can find affordable housing based on their salary scales. In the long term, Denver housing market is well positioned to prosper because of its balanced economy, low employment and growth potential. Inc. Neither DBR nor Metrolist, Inc. guarantee or is in any way responsible for its accuracy.