Mashvisor recently had an interview with Joe Mivshek, a real estate agent at Keller Williams Realty whou2019s been living in Colorado for 30 years. In this interview, Mivshek states that Colorado is still a very hot selleru2019s market. Over the past 3 years appreciation has been 7-11% per year, depending on the areas. Many records have been shattered like the average home price is now over 400k.Colorado has the lowest unemployment rate in the country at 3% compared to a national average of 4.1%, which is a main driver of the housing market and an important factor in real estate investing. The Colorado real estate market is still booming in terms of both residential and commercial real estate properties. Population is increasing, as Colorado gained 70k people in 2017!According to Mivshek, if interest rates climb slowly, weu2019ll switch to an even market (neither a buyeru2019s market nor a selleru2019s market) in 18-24 months, but no one sees downturn since the unemployment rate is so low. Real estate investors are advised to look for both short term and long term rental options. If an investment is priced high, look at the short term/vacation rental market. If you find a home that can be rented long term with a 6% or better cap rate, thatu2019s the way to go. Youu2019ll get great rental income and long term appreciation on both options.If youu2019re interested in reading the full interview, read: The Colorado Real Estate Market 2023. Interview with Expert Joe Mivshek