Category: Uncategorized
-
Interesting Article: Senate Bill 19-225, titled the “Rent Stabilization Act”
This is an interesting article regarding Senate Bill 19-225, titled the “Rent Stabilization Act”. The article is written by Nancy Burke who is the Vice president of government and community affairs, Colorado Apartment Association. It sheds light on possible effects of this bill being enacted. Have a read and let me know your thoughts: Local…
-
Are your apartments worth $100,000 per unit? $200,000 per unit? More???
With the latest quarterly sales report ( CLICK HERE ), owners of residential rental properties in Northern Colorado can ascertain a few things: Very few properties have sold Prices continue to rise due to persistent demand Today’s sellers are realizing the advantage of selling with little to no competition Property values have accelerated between…
-
2018 Year End Northern Colorado Multifamily Report
Be sure to download the 2018 year end report from our Resources page.
-
Rental Costs on the Rise
In a recent article reported online by Michael Hoban from UrbanLand, rents have increased significantly and vacancy rates for rental housing have plummeted. Since 2005, 9 million rental households have been added and 42.6 million families and individuals are now renting. The vacancy rates have dipped to 30-year lows and rents have annually increased by…
-
Record High Spending for Multifamily Construction
A recent article was published on the National Association of Home Builders website that multifamily construction spending hit a record high. The Census Bureau released the new construction spending for multifamily and the report included a significant upward revision of spending to the multifamily construction. The annual rate, as of January 2016, for multifamily spending…
-
Will Renters Outnumber Homeowners By 2030?
Whether it’s because the recession wiped out your wealth, your student debt is out of this world, it’s too difficult to afford a home or get a loan, or you are just plain scared of the potential downside of owning a home, you are among a growing trend. As reported by the Washington Post and based…
-
Colorado added 25 percent more jobs in 2014 than feds originally reported
It was recently reported by Steve Lynn with BizWest, a Northern Colorado and Boulder Valley publication, that Colorado added 15,700 more jobs last year than initially reported by the federal Bureau of Labor Statistics, which is a staggering difference of nearly 25 percent. Mr. Lynn explains: The bureau originally said Colorado added just 63,200 non-seasonal jobs…
-
Rent Increases stronger in Smaller Cities in 2014
The Wall Street Journal reports on the continued rise in rental costs nationwide. Shown in national trending, an average rise of 3.6% in 2014 makes for the fifth consecutive year that cost to rent has jumped due to historically low vacancy levels, creating stronger demand. This is reflected strongly in our Colorado market. As you can see…
-
Credit Scores – FICO and VantageScore
This is an interesting article about credit scores and checks with some history and facts. I am not familiar with VantageScore, but will be looking into it. It appears to be a more comprehensive look into the creditworthiness of applicants. The ability to look at more characteristics and a larger timeframe for the dataset. If you are…
-
$3.35MM Apartment Sale – Fort Collins
JUST SOLD – FORT COLLINS APARTMENTS November 8, 2013 – Cassidy Turley Colorado brokers Brian Mannlein and Russell Baker completed the sale of this 2007 constructed, 24 unit apartment complex for $3.35MM. The transaction was closed in 17 days from mutual execution of the contract. 10 day due diligence, 7 day close. This is the…