The peak season is in full swing with the number of advertised rentals up almost 50% from last month. It is still very much a renter's market and prospective tenants still looking for lower rents and/or other incentives.
While many geographic areas have stabilized, there are still areas, such as Longmont, that are still seeing downward trends. Several of these are under pressure from continued layoffs (i.e., Sun Microsystems, Maxtor, etc.)
Costs of rentals are also under pressure. Now that one company owns the Daily Camera, Colorado Daily, Broomfield Enterprise, and others, advertising rates at up significantly. Up until recently, a weekend only ad in the Camera would run about $99 for the website and Saturday and Sunday in the paper. This same ad must now appear in all publications and will run over $200.
