Fort Collins sits atop a very desirable list released this month by U.S. News and World Report.
The national publication has Fort Collins and Loveland ranked as one of the top 10 housing markets for the next 10 years in terms of appreciation.
While the economy has cut a swath through the housing market, leaving homes in foreclosure or bankruptcy, there are some areas poised to make a return quicker than others.
The report states that over the next 10 years, a majority of America’s real estate markets will appreciate. U.S. News took the employment and national population data from Moody’s Economy.com along with geographic and industry trends to compile its list of 10-year home price projections for 384 metro areas.
Fort Collins and Loveland are listed No. 3 on the list behind Bremerton and Silverdale, Wash. and Glens Falls, N.Y.
The article quotes Brian Willms, the president and CEO of the Loveland Chamber of Commerce, who attributes much of the region’s appeal to CSU and renewable energy.
The article states that Fort Collins’ 2008 average home sale price was $212,000. Home prices in the Fort Collins and Loveland area should rise an average of 4.1 percent annually over the next 10 years, Moody’s Economy.com projects.
Sarah Bennett, president of the Fort Collins Board of Realtors, said the report resonates with her because Northern Colorado has been insulated due to its diverse economy.
