1 in 9 jobs tied to real estate [Colorado]
One out of every nine jobs in Colorado is tied to the multibillion-dollar residential and commercial real estate industry, according to a report released Thursday.
“Regionally, real estate-related employment and earnings are a bedrock of the local economy,” noted the report prepared for the Colorado Association of Realtors.
The report, done by the University of Colorado at Colorado Springs and the Colorado Policy Studies group, tracked the economic impact of the real estate industry from Grand Junction to Pueblo.
“Approximately 10.8 percent of the region’s jobs and earnings and profits are real estate related,” the report concluded.