About 1,500 people (wow!) attended The Group, Inc.’s annual Real Estate Forecast on Monday, February 4, at the Budweiser Events Center. Chairman, Chuck McNeal, presented the predictions for 2008.

Here is an overview:

“Continued low interest rates, projected growth in employment, and quality of life throughout this part of the state will continue to be the drivers of real estate sales. These economic indicators, along with rising residential rents and falling vacancy historically indicate an improving market. Inventory will continue to balance throughout Northern Colorado as builders limit their supply, and foreclosures are absorbed.

While all of our challenges are not behind us, signs point to improvement. Builders, developers, buyers, sellers and investors who do their homework will find opportunity in this market. On the horizon we see pent up demand and even inventory shortages in some price ranges and neighborhoods as the economy recovers nationally.”

-quotation directly from the 2008 Forecast

Also covered in the 2008 Forecast are the following topics: Good Market, Design Power, Apartment Rents, Commercial Market, Interest Rates, Markets to Watch, and Economic Drivers. It also offers invaluable advice for sellers, buyers, builders, developers, and investors.

View the video presentation by employers and community leaders from throughout Northern Colorado as well as all information presented at the event.

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