The Investors are Coming…

Posted by Kristal Kraft, Denver Realtor on November 13th, 2006

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…

Denver Real Estate Trends

Comments

One Response to “ The Investors are Coming… ”

  1. Maureen Francis on November 18th, 2006 2:34 pm

    So, how will this play out? The first time buyers will push up the prices of starter homes until they can’t afford them and renting looks cheap again?

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