A study by the Brookings Institute places Colorado Srpings’ economic indicators near the top half of 100 metro areas nationwide.
The city ranks in the top 10 for the lowest unemployment rate. Housing prices made it 43rd on the list, while employment changes ranked it 52nd.
Real estate owned properties were rated at 3.46 for every 1,000 mortgageable properties, making it 71st out of 100. The national average is 3.34 for every 1,000 mortgages.
The study showed stark differences among the largest metro areas.
“Signs at the national level that job and income losses are slowing continue to mask the highly variable performance of individual metropolitan economies,” said Alan Berube, research director of the Metropolitan Policy Programs at Brookings. “While several metro areas may have reached a turning point, there are many others that still haven’t touched bottom, as well as a few that have almost fully recovered.”
Metropolitan areas – even in the same region of the country – are recovering at radically different levels. Most even felt the effects of the downturn at a different rate.
To see the full rankings, visit http://www.brookings.edu/metro