Friday, August 14, 2009

Business Week ranks Boulder as strongest US housing market

BusinessWeek ranked Boulder the strongest housing market in the United States. The report describes Boulder as “an affluent Denver suburb that is home of the University of Colorado at Boulder.” According to the report, 59.39% of homes in Boulder appreciated over the last year, and the median home value rose 2.12%. “Boulder has several factors working in its favor,” Business Week said. “The town has controlled growth by putting limits on development and by acquiring more than 50,000 acres of open space for a greenbelt that surrounds the town. With the boundary of the Rocky Mountains to the west, the supply of new homes has been restricted." Fort Collins made the list at No. 19 with 28.82% of its homes appreciating over the last year.