Wednesday, November 27, 2013

Housing News Digest, November 27

Rent up, no vacancy: Young folks just want to move downtown As a young, single and freshly transplanted Coloradan, I’m no stranger to the woes of apartment hunting — as well as the dread of paying subsequent rent and utility bills. The Apartment Association of Southern Colorado released earlier this month its third-quarter “Colorado Springs Metro Area Apartment Vacancy and Rent Study,” which noted that our rents are higher than ever and that our vacancy rates are sitting at a 12-year low, meaning that such woes are on the rise.

  Apartment vacancies in Greeley hit 18-year low GREELEY - Apartment vacancy rates in Greeley hit an 18-year low of 1.3 percent during the third quarter, the Colorado Division of Housing said Wednesday. Greeley saw its lowest vacancy rate since 1995 as well as improved from a 3.1 percent vacancy rate during the third quarter of 2012, according to a Division of Housing report.

  Front Range apartment vacancies continue to fall as rents rise Apartment vacancies were low across Colorado's Front Range but soared in areas such as Steamboat Springs and Glenwood Springs during the third quarter, according to a report released by the Colorado Division of Housing on Wednesday. Rents, overall, increased.

  Colorado foreclosures dive in October Foreclosure filings were down 55.2 percent in Colorado metro counties during October, falling to the lowest level since the Colorado Division of Housing began collecting monthly totals in 2007, the agency reported Monday. In addition, foreclosure auction sales in Colorado's metro counties were down 68.7 percent in October compared with a year earlier, dropping from 1,399 to 438.

  Colorado’s urban foreclosure filings hit record low In Denver County alone, October’s foreclosure filings totaled 98, down 55.3 percent from a year earlier, and sales were down 82.8 percent, to 33. The numbers primarily are for foreclosure of residential properties, although less than 3 percent are for commercial properties and vacant land.