Friday, November 15, 2013
Contact : Kate Hawthorne Jeracki
FORT COLLINS – Has the Fort Collins real estate market hit the top of its growth in prices and sales? Where are the commercial real estate markets headed in 2014?
Experts from the Everitt Real Estate Center in the Colorado State University College of Business will answer these questions, and more, in the Center’s Northern Colorado real estate forecast for 2014. The forecast, which includes outlooks for residential and commercial markets in Fort Collins, Loveland, Greeley and Longmont, will be presented at the Center’s annual event onThursday, Nov. 21, 3:30-7 p.m., at the Embassy Suites Loveland, 4705 Clydesdale Parkway.
According to Eric Holsapple, executive director of the Center, the 2014 forecast will address pressing topics such as whether there will be a shortage of residential building lots next year. Can the market sustain continued cost increases? And what are the major risks and upsides to the area markets?
“We’ve been working with a variety of partners in the real estate profession to put together this forecast,” said Holsapple, a commercial real estate developer for the past 30 years and president of Midtown Homes based in Loveland. “We’ve identified and completed statistical analysis of the best data sources for the last 20 years and worked closely with the cities themselves as well as MetroStudy, CoStar, IRES, and top industry professionals to make the forecasts for next year.”
The Center’s team of researchers includes Holsapple; Sriram Villupuram, assistant professor of finance in the College of Business; CSU economics researcher Chris Hanum; licensed broker Windy Usrey; and top graduates from CSU’s real estate program, who have all been collaborating on the forecast for the past six months.
The team will be addressing the Northern Colorado residential and commercial markets, as well as major developments coming in the next year, economic changes that may impact local and regional businesses, and any trends that will shape the real estate profession.
“We’ll be making some high-level observations about the markets as well as specific forecasts for the areas,” Holsapple added. “No doubt that the information we present will be very useful to anyone working in the real estate profession, investing in real estate, lending on real estate, or those who own homes in the area.”
Up to three hours of Continuing Education credit are available for attendance at the Real Estate Forecast event. To register, go to www.csubz.us/REconf. Registration will be open through the day of the event.
For more information about the event or sponsorship opportunities, contact Ross Hilker at (970) 491-1670.
About the Everitt Center
The mission of the Everitt Real Estate Center is to produce and disseminate knowledge, to provide applied research solutions that address current and future real estate related needs of Northern Colorado, the Front Range of Colorado, and the West. The Center also aims to equip Colorado State University students, Center members, and the local community-at-large by developing real estate educational programs that supplement standard academic and industry training initiatives. The Center is supported solely from membership fees, event profits and donations.