Housing Market May Improve in 2012

A popular magazine ranks Colorado Springs at the 7th most likely city to rebound in the housing market in 2012.

Builder?s magazine just released their Top 20 list of healthiest markets the magazine is projecting for next year.

Builder says The Department of Defense?s major presence in the Colorado Springs area will serve as a catalyst for the local housing market.

Builder says Springs-area home prices are expected to climb 2.6 percent next year, while job growth will increase 1.4 percent, numbers of households will rise 1.8 percent and median incomes will jump 2.9 percent.

Also included in Builder?s healthiest housing market outlook, Fort Collins-Loveland ranked No. 2 in the nation, while Denver was No. 10 and Greeley came in at No. 20.

Minneapolis-St. Paul was No. 1 in the magazine?s forecast for 2012.