For the last few years, apartment complex owners and landlords have not been able to increase rents due to the fact the interest rates were at an all time low and tenants were moving our in droves, buying their first home.
Let's talk about the law of supply and demand: Because landlords were losing money, a substantial number of complexes have been converted to condo's, so the availability of apartments to rent is at an all time low.
Projected rent increases of 5% to 14% may just be the ticket to help more homes to sell to apartment dwellers this year (2007).
For more information on how to purchase your first home, receive FREE Grants offered, participate in various county 1st Time Home Owner Parnership Programs and much more please read my Blog on money available and the needed criteria. OR please call my office at Keller Williams Real Estate, LLC/BENCHMARK PROPERTY ADVISORS at (303) 350-1781. If you would like to view homes on the Multiple Listing System (MLS), please visit the web site www.RockyMtnMLS.com and give yourself a personal protected password and set YOUR propety search criteria. Remember, you can change your criteria anytime, save property to your notebook, review photo's, location, map, tax information, room sizes and much more. Always feel free to call me at (303-350-1781 should you have any questions or would like to be shown property.
which will help the multi-family sales market...