Denver Apartments | Consider Moving to Colorado, for the City and Outdoors

By shaye • May 25th, 2010

Renting an apartment is easy. It’s making the apartment feel like a home that’s tough. OK, maybe it’s not that black and white. After all, securing an apartment in the right neighborhood for the right place can be hard work as well. But, when you search for your new place using a trusted rental company, the job is made easier. Then all you have to decide is where to put the sofa, how to hang your favorite lamp. It’s a big deal. And for the most part, an enjoyable one, especially when the search is made easy.

McStain Enterprises has filed for bankruptcy. The Louisville, Colorado company, known for its sustainable building practices and quality construction, could not survive the housing downturn. They report having had no sales from July through December of 2008.

On a more positive note, the Real Estate Resource Center, a local showing service, reports setting more showings on May 29th of this year than on any other day this year. This could be a seasonal adjustment and/or an indication that more buyers are entering the market.

Some adjustable rate mortgages, which historically adjust upward, will be adjusting downward. This will lower the monthly payments on those mortgages, and may allow some homeowners to stay in their homes.

Nationally, approximately 12% of homeowners are currently behind in their mortgage payments or in foreclosure. This is a record high since 1972, when statistics were first kept.

On May 26, 2009, The Denver Business Journal reported that Denver is one of 2 cities out of 20 that saw a small uptick in home prices (.10%) in March 2009 over February 2009. Denver prices declined in March 2009 over March 2008 by 5.5%, the smallest priced decline in the 20 cities surbeyed. The average price reduction in the 20 cities from March 2008 to March 2009 was 19.1%.

Some are predicting that Denver will recover from the real estate crisis before other cities. Indicators are mixed. We’ll see.

So there you have it, Denver apartment hunting is competitive and consistent. If you’re planning to move

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to Denver, be sure to work with a rental company that provides the most insightful information and the most listings.

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