Local Industry and its Effect on the Real Estate Market

One of the things that makes Fort Collins and Northern Colorado a great place to live is our economic diversity. We aren’t propped up by one major industry, instead we are a melting pot of large industry, small business, and of course Colorado State University. When it comes to real estate it also means that our home values are very stable compared to other parts of the nation. Oil and Gas production is one part of the economic picture in Northern Colorado, yet when oil prices fluctuate we aren’t likely to see a corresponding fluctuation in the real estate market. The same goes for the technology and manufacturing sectors. Even when we have major players like HP Broadcom and Intel in town we also have quite a few small tech companies like Madwire, or even Otterbox. Even during a global pandemic when many are facing layoffs housing prices in Northern Colorado continue to climb. We are clearly still a place where people want to live, and may even be the target area of those looking to move out of the big cities and into smaller communities. The outlook for Fort Collins and Northern Colorado is a bright one. As we continue to grow we also continue to attract top talent and top companies to our community. The installation of high speed fiber optic internet by the City of Fort Collins will surely contribute to  continued growth of professionals relocating to town. This is especially likely as workforces transition to “work from home” employment models for the long term.