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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...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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