Economist Upbeat About Pueblo’s Housing Market
Lawrence Yun spoke recently to more than 100 industry professionals from the Pueblo, Pikes Peak, Royal Gorge and Central Colorado Associations of REALTORS®. He talked about housing, for sure, but also favorably about Pueblo’s job growth, which he described as improving at a healthy rate, on par with the United States average.
Yun noted that the median price for Pueblo area homes has topped $200,000 for the first time, reaching $203,000 in June, up 13 percent from a year earlier.
To put the statistic in perspective, Pueblo’s overall housing market is a bargain, compared with median prices of $489,000 in Denver, $415,000 in Fort Collins and $320,000 in Colorado Springs, according to the Colorado Association of REALTORS®.
In terms of home ownership, the relatively short supply of housing to satisfy the growing demand creates the “haves” and “have nots,” he said. That’s why he mentions job growth and the availability of housing in the same breath.
Take it from the REALTORS® top national economist, Pueblo’s lower cost of living, mainly in housing, compares favorably with Colorado’s more congested Front Range cities. It’s a selling point, at least, in economic development efforts to bring more employers and good-paying jobs to our area.
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