Wednesday, August 28, 2013

Trulia: Asking rents down in Colorado Springs, up in Denver in August 2013

According to the July Trulia Price Monitor and Rent Monitor, the index value for asking rents increased 3.7 percent from July 2012 to July 2013. In Colorado Springs, on the other hand, the asking rents decreased 1.2 percent.

Over the same period, from Jul;y 2012 to July 2013, the asking price for homes increased 2.6 in Colorado Springs, year over year, and the asking price index increased 12.0 percent.

This is one of the larger increases in home prices we've seen among the various indices. The asking rents in Colorado Springs may be reflecting ongoing weakness in the job market there, although the Colorado Springs area has shows some strengthening this year in employment.