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Shrinking job numbers, increasing numbers of rental units and depressed housing prices paint a glum picture for the local housing market, says a report from the county’s economic council.
The good news is that it’s cheaper to rent.
The local rental vacancy rate for June was around 28 percent, higher than any historical vacancy rate for that month, says the latest economic report from the Economic Council of Eagle County, headed by Don Cohen.
Also, rental rates are down and renters are being offered incentives — things like two months free to sign a 12-month lease.
Read the rest of this report at .
