Homes for Rent in Colorado Springs

April saw less overall leasing volume than March. This is a normal seasonal trendhere in the Pikes Peak region. April is generally softer than both March and May. The only property class that saw a volume increase in April were two bedroom condos and town homes. The Average lease price per square foot came down 6 cents per square foot as well, this is a sign that there just weren't as many renters in the market as the previous month.

Looking forward to May, we expect to see a significant increase in the number of renters in the marketplace especially as the military moving season begins. In summary, if you're a renter now is a great time to get looking as the market looks to get a lot busier in the next few weeks.

Some great news this week for investors. Starting June 15, 2012 homeowners whose loans are backed by Fannie Mae or Freddie Mac, can look for a much faster turn around time on acceptance of contracts requiring bank approval for short sales. The new guidelines require an answer from the bank within 30 days. If more than 30 days are needed, servicers must provide the borrower with weekly status updates and come to a decision no later than 60 days from the date the offer was received.This will help investors expedite the acquisition of both flip and buy and hold properties. To date, the lengthy time period spent waiting for acceptance made it difficult to move on other opportunities without over committing resources or backing out of deals while waiting for acceptance. If you are interested in talking to us about investing in single family homes, please give us a call of send an e-mail.

CNBC recently published a list of the The 10 Most Vacant Cities. The good news for Colorado was that there wasn't a single Colorado city on the list.This led me to take a look at the Colorado cities that actually report their vacancy rates.The report shows Toledo, Ohio as the Nations empties City with a whopping 19.2% rental vacancy rate. At the low end of the empty cite list was Kansas City, Missouri with an 11% rental vacancy rate. Included in the list are some big surprises like Houston, Texas and Tucson, Arizona. Not so surprising was the inclusion of Detroit, Michigan and Indianapolis, Indiana. To look at the complete CNBC report click here.

Here is a look at the latest Colorado statewide vacancy rental rates.

These are really encouraging numbers, especially for investors and landlords. We are heading into the busy summer season, a time when the Pikes Peak region sees the greatest influx of new renters.

The overall volume of rentals is up for Colorado Springs and El Paso County for the month of March, 2012 just as we head into the "busy" season. Most property classes saw volume gain over both the previous month as well as the previous year. We think it's interesting that although volume was up, the price per square foot was down to $0.78 from $0.82 from the previous month. This is most likely