“Many owners who are trying to cover the increasing costs of apartment ownership will continue to raise rents where they can. But this carries the risk of increasing costly turnover, so it’s a balancing act,” Ryan [...]
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“Fundamental forces driving foreclosure activity in this housing downturn — high-risk mortgages, negative equity, and unemployment — continue toloom over any nascent recovery,” James J. [...] An extension of the home buying tax credit is probably not enough to lure a huge number renters out of their [...] “We know that vacancy rates tend to be sensitive to unemployment rates in Colorado,” Gordon Von [...] “These are some pretty big [...] It’s the top 10 list that Colorado never wanted to be on, but it can’t seem to get off. Colorado was ranked No. 8 in the nation for its foreclosure rate in August, according to a report by Irvine, Calif.-based RealtyTrac. Colorado showed a 17.93 percent increase in all foreclosure activity – from initial filings to REOs, [...] In an earlier blog I wrote that a new Colorado Division of Housing report showed that rental home vacancies in the second quarter rose to 5.2 percent, a percentage point higher than a year earlier. It was the highest vacancy rate since the fourth quarter of 2006, when the home vacancy rate was 5.5 percent. Typically, [...] Foreclosure filings in Colorado could hit or exceed 40,000 filings this year, officials said today, following a report that tracked more than 12,000 foreclosure filings in the second quarter. “It is possible; it is not outlandish,” Ryan McMaken, who researched and wrote the second-quarter report for the Colorado Division of Housing. “The total for the mid-year [...] Foreclosure filings in Colorado topped 12,000 during the second quarter, shows a state report released today. Both new foreclosure filings and completed foreclosures grew 15 percent above first quarter totals, according to the report by the Colorado Department of Local Affairs’ Division of Housing. New foreclosure filings reached 12,135 during the second quarter for a mid-year [...] The harsh apartment climate in the Denver area is highlighted by an 11.4 percent vacancy rate in the university submarket in the City of Boulder. That is the highest vacancy rate since the fourth quarter of 2003, when it stood at 12.5 percent. And it is 58.3 percent higher than the overall apartment vacancy rate for [...] |
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