Market Update: How Can Our Market Keep Going Up? | 8.13.18

“How can our market keep going up?”

Lane and I got this question over the weekend: “Would you help me sell my house? I’m going to sell high now, move to the mountains for a few years, then come back and buy when it’s lower.”

Here’s what’s happening: The Denver Post, just last week, wrote an article about the 40-year plan Denver City administration is working on now. It is to accommodate the projected 189,000 new Denver residents in the next 22 years, as well as 136,000 new jobs. We’ve got a healthy economy and it’s projected to get even better.What this means for real estate is that anyone waiting for it to drop in order to buy risks getting priced out of the growing market.

Sources: Denver Post & City of Denver

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