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Colorado Springs New Homes: Recession Buffer
by: Brian on January 23, 2008 11:26:57 Leave a comment »
According to Fred Crowley, senior economist and associate research
professor at UCCS, the cut signifies "we are not in a position that can
be reversed at this point," as a recession has followed every
aggressive fed cut rate, he said. The good news here, however, is that
Crowley said the Pikes Peak Region, which includes the Colorado Springs
New Homes area, will not be hit as hard as much of the nation by the
possible recession, for two main reasons: - "Fort Carson's new brigade should moderate local impact of national recession" - T. Rowe Price, Triple A of California and Progressive Insurance - all of which are playing an increasingly significant role in our local economy - have all produced "professional, less-cyclical jobs," meaning "employment is less sensitive to business cycle downturns" Needless to say, I am both relieved by and excited about the likely fact we will not fall into as deep a recession as many other parts of the nation. We have 6 military bases within the spread of the Colorado Springs New Homes area, so we basically have an economic buffer to begin with because the military is one of the most stable sources of economic strength. Couple that with several other major stable businesses and we have a nice anti-recession cushion that other major markets do not have. Brian Wilson Please take a
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By now you have probably heard about the latest fed rate cut, but
you may not know how it could affect the Colorado Springs New Homes
area. A 
