Rent to Own Homes in Denver
Median rents rose 2 percent from February 2011 to February 2012, but home values continued to fall, declining 4.5 percent during that period, according to the February Zillow® Real Estate Market Reports. The Zillow Rent Index (ZRI) showed year-over-year gains for nearly 68 percent of metropolitan areas covered by the ZRI. By contrast, only 8 percent of metro areas covered by the Zillow Home Value Index saw home values rise.
The rental market remains strong, especially in areas that continue to experience consistent home value declines. Chicago metro rents, for example, increased 8.6 percent over the past year, in comparison to an 11 percent fall in home values over the same period. In the Philadelphia metro, rents are up 14.8 percent annually while home values have fallen 5.4 percent year-over-year. Read the full story at theNicheReport.com
For more information on Rent to Own Homes in Denver, contact your Rent to Own Homes in Denver expert Bryon Self at 303.990.9320 or visit the Rent to Own Homes in Denver website.