This weekend, my first time home buyers told me their rent was going up $250 a month after their lease expired. Wow! That is a huge jump.
They thought so too. That is why they decided to move up their home purchase plans. They investigated getting a First Time Homebuyers Loan through Adams County. After taking a class in home ownership, they will be buying a home in time to move out before their rent goes up.
What has this got to do with investors coming? Well vacancy rates are DOWN in Denver. After years of property managers giving away free rent, they are now experiencing a new boom…in apartments. Soon there will be a huge shortage, rents are going up, first timers are moving out.
First time home buyers are going to fuel our market….UP!
The Pendulum swings…Read more about Investors are coming, Investors are coming…
About the Author
Kristal has been helping buyers and sellers in Colorado since 1984. She enjoys sharing her knowledge of the Metro Denver Real Estate market via blogging and in person while driving around the beautiful Rocky Mountain town of Denver! For fun, Kristal enjoys shooting things with a Canon. Visit Denver Photo Blog