Single-family Vacancy Rate Drops to 1.4%

Performance Property Management in Denver is expanding.

May 24th, 2011 Colorado Division of Housing

Vacancies in for-rent condos, single-family homes, and other small properties across metro Denver fell from the first quarter of 2010 to a new low of 1.4 percent during 2011’s first quarter. According to a report released Tuesday by the Colorado Division of Housing, the vacancy rate was 3.1 percent during the first quarter of 2010, and was 2.0 percent during the fourth quarter of 2010.

This information confirms that it is a good time to purchase low priced housing and rent it out. Mortgage interest rates are very, very low which means cash flows for investors are high.  At Performance Property Management we are seeing large investors with lots of cash purchasing apartment buildings in the Denver market. These investors are speculating that rent values will continue to be stable or at least more stable than other investment products like stocks and bonds.

Come invest in real estate with us.

Jerry Minney, Business Development Manager

Performance Property Management