Mike Levy’s RENTAL PROPERTY Information website

Realtor Magazine Online - October 31, 2006 - The New York Times, Jay Romano (10/28/2006)

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Remote Surveillance Systems Easy to Install

Realtor Magazine Online - Daily Real Estate News - October 11, 2006 - Source: Wall Street Journal, Christine Haughney (10/11/06)

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Bidding War May Be Moving to Rental Front

Realtor Magazine Online - Daily Real Estate News - October 30, 2006 - Source: Associated Press, Alex Veiga (10/29/2006)

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Apartment Rents Rise as Buyers Wait on Sidelines

Renting Condos That Don’t Sell
by Broderick Perkins - Published: August 21, 2006 in Realty Times

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Renting Condos That Don’t Sell

REALTOR® Magazine - September 18, 2006 - Source: The Wall Street Journal, Daisy Maxey (09/18/06)

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Tips to Spur Off-Season Property Rentals

Apartment Vacancy Rates:

From The Group Inc. Real Estate Insider - October 2006

Fort Collins Area declined to: 8.8% (1Q’06) from 12.9% (1Q’05)

Greeley Area declined to: 8.1% (1Q’06) from 12.1% (1Q’05)

Loveland Area declined to: 6.3% (1Q’06) from 10.5% (1Q’05)

Update by HUD on local rental market conditions.

You can see the full report at:
“Market Watch” and “Market Opportunities” – September 2006

Highlights:

Rocky Mountain Economic and Market Analysis Section (EMAS) “Market Watch” and “Market Opportunities” – September 2006 by the U.S. Department of Housing and Urban Development (HUD)

Market Watch -September 2006

Fort Collins: The rental market has shown signs of improving, but remains soft. According to the Colorado Division of Housing (DOH) first quarter 2006 survey, the renter vacancy rate was 8.8 percent, down from 12.9 percent reported in the first quarter 2005. Average rents during the same period fell from $788 to $743. Increased competition has put downward pressure on area rents.

Loveland: The rental market vacancy rate and average monthly rents have improved. According to the DOH, the rental vacancy rate was 6.3 percent in the first quarter 2006, down from 10.5 percent in the first quarter 2005. The average monthly rent for the same period increased from $762 to $797.

Greeley, Colorado PMSA (Weld County) (Crain) - The rebound of the Greeley economy has continued. There have not been any significant changes in the Greeley rental market since the June 2006 ‘Market Watch.’ The rental market vacancy rate has improved; however, average monthly rents have decreased.  The Group, Inc. stated in their August 2006 Real Estate Insider there remains excess rental inventory.

According to Business 2.0 (November 2006, Page 94), “The Best Places to (Still) Invest”, Fort Collins is #9 on the Top 10 list!

The article projects a 28% increase in home prices over the next 5 years.

The article talks about Fort Collins appearing “time and again on the media’s ‘best’ lists - best place to live, best place to retire, best place to raise a family, best ‘dream’ town, even the best place to ‘reinvent your life’.”

However, the article also cautions: “Another tech slump could dampen the housing forecast. With large divisions of Agilent Technologies, Eastman Kodak, and Hewlett-Packard based here, the regional economy leans mighty heavily on tech-industry growth.”

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The Best Places To (Still) Invest: Fort Collins is #9 on the list!

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