Though Larimer County home prices have held steady in recent months, reports show still that it’s trendy to rent.
Vacancy rates fell 16.6 percent in the first quarter of 2011 in five metropolitan areas including Fort Collins-Loveland, Greeley, Grand Junction, Colorado Springs and Pueblo, according to a report released by the Colorado Division of Housing and conducted by the University of Denver’s Gordon E. Von Stroh.
Those areas’ figures, plus those reported in metro Denver and 33 other markets, showed an overall decrease in the statewide vacancy rate to 5.5 percent in March 2011, as compared with March 2010’s number of 6.6 percent.
In Loveland, the vacancy rate decreased from 5.5 percent in the third quarter of 2010 to 4.1 percent in the first quarter of 2011.
Those in the local renting business said they haven’t seen demand this high in years. And the reasons behind that might be surprising.
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