The Shocking Truth About GJARA: How Real Estate Could Crash Our Economy Overnight!

This week, the Grand Junction Economic Partnership (GJEP) released its Annual Report, highlighting significant growth in the region, particularly in Mesa County. As a proud sponsor member, I am delighted to see the accomplishments of Director Curtis Englehart, his team, and the GJEP Board of Directors.

Growth is an unstoppable force, much like nature. While it can be guided and managed, it cannot be completely controlled. Community discussions in the editorial sections of local newspapers have highlighted both the advantages and disadvantages of a thriving market. Having experienced both growth and decline in the market, I can confidently assert that the challenges faced in a growing economy are far less daunting than those encountered in a contracting one.

A standout statistic from the GJEP report is the region’s positive “Net Migration” rate. While Colorado as a whole is currently experiencing a negative net migration rate, with more people leaving than moving in, Mesa County is bucking this trend. Here, the influx of new residents is significant, a fact underscored by the acknowledgment of our community in publications such as the New York Times.

Looking ahead, the GJEP report estimates that by 2036, the rate of in-migration will double. This increase in population brings with it pressing needs, particularly in the housing market. The ongoing discourse in the valley reflects this urgency; well-planned new developments that cater to the diverse needs of residents are essential for maintaining a vibrant and affordable community.

It’s crucial to offer a range of housing options for buyers, preventing stagnation in the marketplace and keeping housing costs manageable. The report’s findings also indicate a broadening job market in the valley. The Job Growth and Projections chart reveals a variety of new career opportunities, which is vital for ensuring that our economy is resilient and offers better prospects for everyone. A diverse job base can provide stability and growth, a lesson learned from our past reliance on a narrow job market.

Impressively, the annual wage for new jobs created in 2025 is projected at $68,344—an important metric for maintaining affordable housing. In the real estate sector, we recognize that affordable housing is not solely about cost containment but also about fostering a robust wage base. The economic impact of GJEP is estimated to be nearly $200 million, with 224 new jobs created and an additional 943 jobs projected. This promising trajectory is instrumental in allowing our community to thrive and prosper.

What does this mean for real estate and REALTORS® in the area? According to the GJEP report, our segment is among those expected to grow. While we may not be expanding as rapidly as other sectors, we still represent a healthy number of jobs. Moreover, each real estate transaction can trigger up to 100 additional economic transactions. This includes home improvements, furniture purchases, and landscaping, all contributing to local economic activity. It’s a cycle that benefits the entire community, supporting rising wages and invigorating local businesses.

As REALTORS®, our passion lies in helping buyers and sellers find their ideal homes. We take pride in knowing that we play a role in connecting people with the right spaces for their families to grow and flourish. The GJEP report begins with a local legend suggesting that those who leave the Grand Valley should “Take a little dirt” with them, a reflection of the strong bond between the people and the land in Mesa County. This sentiment resonates with us; as stated in the REALTOR® oath, “Under all is the land.”

Embracing this belief in both the land and growth is crucial. A thriving community not only benefits residents but also fosters a sense of pride and connection that we, as REALTORS®, are honored to support. As Mesa County continues to attract new residents and expand its economic base, the future looks bright for our community.