Denver housing/rental markets very tight [View all]
During my recent visit to Denver I heard that apartment vacancy rates in some parts of the city are very close to ZERO, despite the "official" rate of under 5%. In Houston, which has been booming, the rates have been hovering around 9%.
Rents have increased in Denver by around 20% just since the start of 2015.
People are bidding up and up and up on homes for sale. Buyers are having a tough time finding inventory.
Gee now, I just wonder, how much of this could be attributable to marijuana, and people moving to Colorado to participate in the green revolution? I would say, quite a large % of it.
I have been unable to find any stats showing how many people are lately moving into Colorado vs moving out of Colorado, but I have a feeling that it is experiencing a green rush. The wife and I are close to retirement and are looking to join that migration.
And Texas just sits there, smug. You want another boom, Texas? You know what to do.
more stats
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