Denver Ranks 10th In Forbes’ Job Growth Study

by | Sep 20, 2014 | Blog, Mortgage & Finance

iStock_000014976260XSmallThe fact that Denver is growing will come as no surprise to anyone who has noticed the plethora of construction activity throughout the city. Nearly every inch of downtown is buzzing with new apartment and condominium projects. Hand in hand with this growth is a strong job market. In fact, Denver recently ranked 10th in Forbes magazine’s top big cities for projected job growth this year. Aurora and Broomfield were also included in the metro area’s ranking of 10. To arrive at its list, the magazine studied current growth of employment rates as well as past and predicted trends. Ranking first and second, respectively, were San Jose and San Francisco, California. Others ahead of Denver, in order of most job growth to lesser included: Austin, Texas; Raleigh, North Carolina; Houston,Texas; Nashville, Tennessee; New York City, New York; Orlando, Florida; Dallas, Texas. As jobs proliferate, so do high housing prices, apparently. House prices in some of these cities are among the highest in the nation. The average home in San Jose or San Francisco, for example, sells for $808,000 and $679,800 respectively. The average home in Denver sells for $382,300, according to recent Metrolist data.This contrasts with the much lesser average of $191,000 nationally.

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