The activity in the market continues to surprise me. I just did a quick preview of November sales and total sales in Boulder County are going to be way up for November compared to a year ago. I see three major factors fueling the real estate market in the Boulder area: higher consumer confidence, first-time homebuyer tax credit and low interest rates.
The unemployment rate in Boulder County is 6%, well below the national average. It looks like many of those happily employed people are deciding to buy real estate while the conditions are just right.
On a related side note. Segate, a large employer who has employees in Longmont Colorado had layoffs and mandatory 10% pay cuts about a year ago. From what I have heard, the company has reinstated the original pay scale. This type of action frees up the wallets of all of the employees who are no longer afraid for their jobs.