by Tom Ragonetti and Tom Macdonald, Otten Johnson Robinson Neff + Ragonetti PC
THE COLORADO real-estate market reflects the same short-term hopes and fears that make it so difficult to predict the broader economy. But despite short-term uncertainty, long-term demographic trends help explain aspects of the local real-estate market.
Many political pundits are citing demographic factors to explain the recent election results. Whatever value such factors may have as determinants of elector choices, they certainly help shed light on the market.
We continue to see an active market for development of multifamily projects in Colorado. In 2011, approximately 1,400 apartment units were completed in Denver. The final number for 2012 may be almost double that number of units.
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