Labor market, a ordability collide

Realtor summit notes large number of job openings in Colorado

BY TAMARA CHUANG THE COLORADO SUN

Housing and jobs are so connected that it was di cult to avoid the intersection of the two at an economic summit held last week for the Colorado Realtors Association.

Jobs in Colorado? So, so many job openings. Two for every unemployed person in the state. Available houses for sale? So, so few houses are available at a ordable prices, whatever those may be. at disconnect tempered the positive outlook that some had about the better years ahead and what the real estate industry can expect in 2023 and 2024.

“A ordability, or lack thereof, will remain our biggest hurdle. And people won’t come here and the jobs won’t move here, the companies won’t be here if we don’t o er some kind of a ordable housing,” said Kelly Moye, a Realtor at Compass Real Estate. “So, we’re trying to gure out how we do that. e regular market, with the way it works with supply and demand, just pushes prices up or down. at’s the way it goes. But is there anything that we can do as a city, as a state to help create a situation where everybody can live here?” e data-heavy conference pointed to a possible reason for Colorado’s limited supply of workers: Not

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