[SaxxonWoods]

Resales are down in Denver metro, but inventory is also down. Values are mixed. Lower end (<$200k) in decline, mid-level ($200k-$450k) flat, upper-end mostly appreciating. Foreclosures up but banks are making deals and selling them off to investors and owner occupants. Rental market continues to improve for landlords, as it has for several years. Rents moving up, but still affordable. Mountain resort areas still appreciating smartly. We're doomed. /s

[Always Right]

Inventories will start coming down as building has slowed down greatly. Low interest rates will attract more buyers. The housing market rebounds next year.

[VxH]

[Average rents increased to $946.07 for the second quarter of 2007, up from $937.18 in the first quarter and up from $931.53 in the second quarter of 2006. Rents were highest in Douglas County at $1,325.86 and lowest in Denver County at $879.23. Average rents increased the most in Douglas County, increasing from $1,206.87 to $1,325.86. Average rents decreased in Adams and Denver counties.]

Adjusting to increased demand.  No Surprise there.

[VxH]

[We’re doomed. /s]

Do you think such arrogant sarcasm will go unnoticed by the folks who will be paying those higher rents as they go to the polls?

Might they conclude that they are not included in the “We” group?

The Democrats can not pay for such good advertising.

[Wuli]

Gee: fewer new houses + foreclosure = no house = must rent.

Its not magic.

Of course, when houses were going up as fast as a model T assembly line, that wasn’t magic either.

[Moonman62]

People waiting for a collapse don’t want to buy, so they rent. People who want to sell, but aren’t finding buyers are becoming landlords.

[dragnet2]

I'd rather live in a cave than pay to live in some rental.

When I was young, with little money and was forced to rent, I taught my parakeet how to say, "kill the landlord".