Rental home rents poised to rise

John Rebchook

While it is possible that the Denver-area rental-home vacancy rate could fall below 2 percent later this year,what is more significant is that monthly rental rates are poised to rise and homes will be snapped up faster by renters, experts said on Wednesday.The overall home and condo vacancy rate in the metro area fell to 2 percent in the fourth quarter of 2010, according to the Colorado Division of Housing, as InsideRealEstateNews reported this morning.

“There are very few single-family homes to rent. That is the bottom line,” said Gordon Von Stroh, a University of Denver business professor and author of the report.

Read the article: http://insiderealestatenews.com/2011/02/rental-home-rents-poised-to-rise/

Find the best real estate investment values at WealthInRealEstate.com

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About dherries
Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

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