Colorado homeownership hits 7-year low

The homeownership rate in Colorado hit a seven-year low in the first quarter of 2012, at 64.5 percent.

The rate in the first quarter of 2011 was slightly higher, at 65 percent. The current rate is the lowest since the Census Bureau first began publishing the data for Colorado in 2005. Homeownership has declined steadily since then.

The decrease in homeownership corresponds with dramatic drops in vacancy rates statewide. More and more families are choosing to rent or are forced to do so because of market conditions.

Home sales have increased in Larimer County in recent months, up by 12.7 percent in Loveland and by 22.6 percent in Fort Collins, but have decreased in Weld, by 8.9 percent. Homeownership data for specific counties was not available.

You have 2 free articles remaining this month.
Want to see more? Login or Subscribe.

Leave a Reply

Your email address will not be published. Required fields are marked *


Social Network

Facebook Icon
Twitter Icon
LinkedIn Icon
©2016 BizWest The contents of this website are copyright BizWest Media, LLC. All rights reserved.
Use of any of this informatino or media on this site is strictly prohibited withotu express written consent.