Good news spreads quickly.
Based on the results of a Forbes.com study announced Monday, Area Development Online, a Web site frequented by economic and corporate site and facility expansion officials, has posted the city’s “Best-Bang-for-the-Buck” rankings.
Colorado Springs made the top list at No. 9
Click here to view the entire list.
Cities that made the top 10 have solid housing markets, relatively stable employment, low cost of living, and short commutes, compared to other major U.S. cities.
Kermit Baker, senior researcher at Harvard University’s Joint Center for Housing Studies, described the 20-plus metros on Forbes list as “sleepy little markets that have fallen under the radar screen in terms of turbulence in housing. They didn’t go through much of a boom or bust.”
That bodes well for the Greater Colorado Springs Economic Development Corporation’s relocation initiatives.
In order to come up with its list, Forbes looked at the country’s 100 largest market service areas across the following measures: foreclosures as a percentage of home prices; vacancies; unemployment rates; three-year job-growth forecast; three-year home-price forecast; housing affordability; median real estate taxes; and median travel time to work.