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Denver Metro area rents up, time to buy in Parker

By
Real Estate Agent with PorchLight Real Estate Group

Time to buy your new home in Parker.  If you are renting the forcast is rents are going up up and up.  I consistently hear about the rents in Denver metro areas going up from clients saying I'm renting and they are telling me when my lease is up my rent will rise $300-$400.  Interest rates are low it's time to review your options.  

 

A quote from the Denver Post...  "With net migration hovering in the 45,000 to 50,000 range for this year, the rising rents should continue through at least the end of the year, said Gary Horvath, an independent economist based in Broomfield.I don't see anything that's going to slow it down," he said, noting strong job gains and economic growth in both Colorado and the nation."

 

As many Americans we live and spend for the day.  Everyone has their own story of  why they rent maybe you don't want the upkeep of a home, then buy a condo or townhouse.  If you plan on renting in the Denver Metro area look for the increases to go up for the next 5 years as the experts are saying we are the California of 20-30 years ago.  

 

According to a recent Forbes article about nationwide trends Denver Metro area ranks 3rd!

 

Despite the rising cost of living in many smaller cities, it’s by far still cheaper than renting in a bigger locale. Compare the median rent in cities like Charlotte ($1,235) or Denver ($1,827) to Los Angeles ($2,460) or New York ($2,331).

 

Forbes staff member:  Lauren Gensler date 2-24-2105

 

Whether you rent or buy what happens around you eventually  will affect you in one way or another.  Consider your options and move forward.

 

For your Denver Metro and specifically Parker needs contact.

Sandra Jarock 

Metro Brokers The Brian Petrelli Team

sandra@petrelliteam.com

303-260-9960

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Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

    Hi,  what an opportnity for buyers in your area.      Thanks for sharing with us in AR Land.

Jun 15, 2015 05:33 AM