TRU REAL ESTATE SERVICES BLOG

Metro Denver RENTALS!!

From Denver Post:  http://www.denverpost.com/business/ci_26261995/tight-housing-market-puts-squeeze-rentals-metro-Denver

Metro Denver's constricted housing market, which has squeezed buyers since early 2013, has begun to wrap its coils more tightly around renters.

Higher home prices and quicker sales times have resulted in a larger number of landlords cashing out, leaving fewer homes for lease and pushing up rents.

"As soon as properties are put online somewhere to rent, they are gone," lamented Denver resident Caroline Grote. "It is a seller's market and it is a landlord's market."

Grote was one of about 16 people checking out a two-bedroom rental at 673 S. High St. in Washington Park on Thursday. The 834-square-foot home was going for just shy of $1,500 a month.