Tuesday, April 3, 2012

Housing News Digest, April 3

Competition for apartments is becoming fierce in some markets. And it’s about to get worse.
The apartment vacancy rate is expected to fall below 5% this year, crossing a benchmark into what it is commonly considered a “landlord’s market,” said Brad Doremus, senior analyst for Reis, a commercial real-estate research company. That means securing an apartment will become more difficult and rents are likely to be higher by the end of the year.

Applications for housing lottery in Vail are available

VAIL, Colorado — Housing-lottery applications for the Town of Vail's master purchaser list are now available on the town's website at www.vailgov.com or from the Community Development Department, 75 South Frontage Road. The list will be in effect for one year and used when any existing town-facilitated housing units become available for resale. Applicants will be placed into tiers based on the number of years working and living in Eagle County, and resale units will be awarded to the top person on the list. Priority will be given to those living and/or working in Vail. Currently none of the 82 qualifying units are available for purchase.

Affordable Housing Lacking on Western Slope
It's a basic necessity of life, we all need shelter. However, in Delta County, finding affordable housing is a daily struggle. It's forcing many to live paycheck to paycheck, just barely scraping by.

Pace of local homebuilding jumps to nearly 4-year high
March was the strongest month for local homebuilding in almost four years, while foreclosure activity continued to ease — more signs of cautious optimism for the Pikes Peak region’s battered housing market.

Single-family building permits, which measure the pace of home construction, totaled 172 last month in Colorado Springs and El Paso County — the highest one-month total since 180 in May 2008, according to a report Monday by the Pikes Peak Regional Building Department.

State has big plans, little cash for veteran care at Fort Lyon
Ten miles north of Fort Collins, 72 men live secluded lives on a 200-acre farm.

They grow tomatoes, peppers and grains. They tend to cows and other livestock — a therapeutic way of living meant to overcome crippling alcohol, drug, gambling and sex addictions.

A similar program aimed at veterans appears headed to Fort Lyon.