We're currently in the longest economic recovery in U.S. history. Two years ago, 67 percent of the economists surveyed by The Wall Street Journal for the Economic Forecasting Survey predicted we would have a recession no later than the end of this year (2020). Three months ago, the same study showed more than one-third of the economists still saw an economic slowdown looming.
Now the experts think differently. CNBC recently reported, “Just months after almost everyone on Wall Street worried that a recession was just around the corner, Goldman Sachs said a downturn is unlikely over the next several years. In fact, the firm's economists stopped just short of saying that the U.S. economy is recession-proof.”
Boulder’s local economy is indeed thriving. In 2019, Boulder County saw 2.2 percent unemployment, one-year wage growth of 8.7 percent, average wages up 6.3 percent, and employment growth of 2.8 percent, or approximately 5,500 jobs. Those jobs were largely in the federal/government sector, professional and business services (think tech), manufacturing, and hospitality/food. It’s good news if you are looking for a job and/or hoping to buy or sell a home this year!
If you’re looking to move to the Front Range or simply interested in making a change, WK Real Estate can help. Call today and we’ll help you identify affordable areas with reasonable commutes across the Boulder/Denver metro area.
