This preview shows page 1. Sign up to view the full content.
Unformatted text preview: e up 5%, to 1,993
from 1,897, but total dollar volume is down 8%, to
$410.2 million from $447.5 million. On a positive note, foreclosure filings have slowed by 21%,
suggesting that households are finding ways to
avoid foreclosure. Aside from tourism, the Western
Slope economy depends greatly on the health of
the oil and gas industry. Advances in new technology, such as fracking, lowers extraction costs and
increases output, impacting corporate profits. State
government support of this industry benefits the
Western Slope and CRE.
Positive gains in statewide CRE activity have been
slow and steady. Capital and new CRE supply have
been constrained, leading to decreased vacancies
and stabilizing rents. Conditions for speculative
supply will not be present in 2012. However, continued recognition by local and state government
that a favorable tax and regulatory environment
attracts businesses and investment will directly
benefit CRE markets. Residential Real Estate
The residential real estate market throughout
Colorado exhibited mixed signals in 2011. Modest
sales levels, minimal price increases, and reduced
foreclosure activity sugges...
View Full Document
This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.
- Spring '13
- The Lottery