According to Lending Tree Denver has the 10th highest percentage of homes valued over $1 million in the country. Still, our percentage was just 2.65%. In San Jose 54% of all homes are valued at over 1 million dollars.
For Fannie Mae their serious delinquency rate (3 months or more late) is just 0.44% of all loans closed from 2009 through 2018 (91% of their portfolio). WOW! That’s incredibly low!
Colorado now has 171k people employed in construction, a 54% increase from the 2011 bottom. Still, 171k people is not enough.
Colorado is ranked the 5th best state to do business in per CNBC. CO has ranked in the top 6 for four consecutive years. Why? Our booming economy and low unemployment.