An article in the Denver Business Journal reported that rents have gone up 10% in the last year. In a study done by TransUnion, a provider of credit information and information-management services, the average rents in the Denver area climbed from $777 in the fourth quarter of 2010 to $857 in the fourth quarter of 2011. Landlords are not only able to collect higher rents but are being pickier about who they will lease to. The landlords are looking for tenants with the higher credit scores and the ability to put down a higher deposit. As rents continue to climb, the for sale market is still slow. It might be time to reevaluate your living situation. Click here to read the whole article.
Another Reason to Buy
February 23, 2012 by Leave a Comment