Don't miss this amazing opportunity to own your own home the moment is now!
You always hear Realtor s say, "Don't rent buy" or "Don't make someone else's mortgage payment" I am sure you have heard this one too "Buying is cheaper than renting"
Well we can really see how this does ring to be true in Denvers hot rental market. The interest rates are historically low and finally we see evidence of a shift of low housing inventory which makes prices start to increase.
So honestly you really could own your own home cheaper than some of the rents that are now being paid in Denver!
Contact us today and lets see what you can afford and compare the facts and numbers.
You might just be spring cleaning your own home!
This amazing article was posted in the Denver Business Journal and we felt it was worth the re-post.
by Dennis Huspeni, Reporter
Enjoy the article.
Average apartment rents in metro Denver jumped more than 10 percent in a year, according to a study recently released byTransUnion LLC.
The Chicago-based provider of credit information and information-management services (www.transunion.com) reported that average rents climbed from $777 in the fourth quarter of 2010 to $857 in the fourth quarter of 2011. Average deposits also went from $340 to $383 in that same time period, according to the report.
“That Denver increase of more than 10 percent is indicative of the economy there,” said Steve Roe, vice president of sales. “People want to live there.”
Those rental rates beat the national average by far, which went from $831 to $820 at a time when “rental vacancy rates were at their lowest levels in 10 years,” the report states.
The data was culled from more than 200,000 applications from property managers using TransUnion rental screening solutions.
“We’ve seen greater demand for apartments over the past year, but it hasn’t exactly translated into significantly higher monthly rental payments for consumers,” Roe said of the national numbers.
The report also points out that property managers “tightened their acceptance criteria for potential applications that are accepted without any conditions, such as a higher deposit amounts,” the report states. “TransUnion’s analysis found that of those property managers that made changes to these measures, their acceptance criteria increased by more than two percentage points.”
“An increase in this criteria would seem to indicate that property managers’ rental volume is sufficient enough that they can afford to be more selective in offering premium terms,” saidMike Mauseth, president of the company’s rental screening solutions department, adding, “Denver has been called out as a fast-recovering rental market.”
Start your search here and lets see if you can really stop paying someone else's mortgage!