The local resource in the state of CO for affordable housing education, information and advocacy, Housing Colorado, released a report describing the comparison of wages and rents for jurisdictions in Colorado. The report “calculates the amount of money a household must earn in order to afford a rental unit in a range of sizes at that area’s fair market rent (FMR), based on the generally accepted affordability standard of paying no more than 30% of income for housing costs.” Rents are rising making buying Fort Collins Real Estate more of an option for people today.

In Colorado, rents have risen 7% in the last year due primarily to low vacancy rates and increasing rental demand from the foreclosure crisis. The Fair Market Rent (FMR) for a two-bedroom apartment is $924. A household must earn $3,080 per month, or $36,957 per year to be able to afford a home in this price range. Based on the assumption of a 40-hour work week and 52 weeks per year, the Housing Wage to afford a home at FMR is $17.77. At this same rate you could buy Fort Collins Real Estate and have a mortgage for less than average rents in the area.

Rental amounts are surpassing affordability rates at an alarming pace in Colorado. With Colorado’s minimum hourly wage at $7.25, a renter would need to work 98 hours per week to be able to afford a two-bedroom apartment at FMR, or have two minimum wage earners working 40 hours per week. The average wage in Colorado is $13.46 per hour, still below the affordability level of $17.77. Again renting is becoming out of reach for some whereas buying Fort Collins Real Estate may be a better option for you.

In Northern Colorado specifically, the hourly wage needed to afford a two bedroom house is $16.33 in Fort Collins/Loveland and $13.71 in Greeley. However, the estimated mean renter hourly wage for 2011 in Fort Collins/Loveland is $9.94 and in Greeley, the mean is $9.84 – well below the income needed to meet the affordability standard. When looking at housing costs, the average two bedroom apartment will cost $849 in Larimer County and $713 in Weld County; and yet renter households in Larimer County can only afford $517 per month or $512 in Weld County.

It remains obvious that affordable housing and rental availability will continue to be an issue for Northern Colorado. Owners who have been unable to sell their homes in a tight Fort Collins Real Estate market are considering leasing their property or offering a lease to purchase option as another option for buyers in the Fort Collins Real Estate Market. If managed and negotiated with a knowledgeable Fort Collins Real Estate professional familiar with both property management and sales, and includes legal counsel, a lease to purchase is a viable option. Multi-family property will also be in high demand in the upcoming years due to affordability. If you would like more information about the benefits of buying Fort Collins Real Estate vs. Renting please contact me.

Fort Collins Real Estate Expert

Fort Collins Realtor
My name is Allison Klein and I am a successful Fort Collins Realtor selling Fort Collins Real Estate. Search my website for Fort Collins MLS listings free. My goal is to make sure that you have the smoothest transaction possible and provide you with exemplary customer service! Let me know how I can fullfill your Fort Collins Real Estate needs. Give me a call today at 970.818.6668 or fill out my online contact form for more information.

Whether working with buyers or sellers, my energy, professional contacts and vast resources are available to make my clients’ property searches in Fort Collins Real Estate and sales go as smoothly as possible. As a REALTOR since 2003, I am an elite Broker Associate at ERA Herman Group Real Estate. My real estate expertise lies within Northern Colorado; and I am the inarguable market maker in Fort Collins Real Estate. Even if one is just starting to consider a move or relocating to Fort Collins area, please do not hesitate to contact me. I look forward to sharing why the Fort Collins area is continually rated one of the places to live in the nation.
Changing Fort Collins Real Estate one transaction at a time…

Fort Collins Real Estate Market Update 9-16-2011

<!-- .entry-meta --><!-- .entry-header -->Fort Collins Real Estate… The Fort Collins Real Estate market has not seen the ugliness that a lot of other areas have seen that you might have heard about in the news or magazines. Please takes the reports you see with a grain of salt and do your own due diligence and research the Fort Collins Real Estate market for your self to see that we are improving if not increasing. There are 10 new homes for sale in Fort Collins Real Estate that came on the market yesterday. They range in price from a low of $127,900 to a high price of $529,900. So as you can see there is a home in every price range.

So, here are the newly listed homes for sale in the Fort Collins Real Estate market:

New Fort Collins Home Real Estate For Sale Less Than $250,000

• 421 S Howes St, Fort Collins
• 5225 White Willow Dr, Fort Collins
• 3746 Dalton Dr, Fort Collins
• 617 Cherry St, Fort Collins
• 520 W Oak St, Fort Collins

New Fort Collins Real Estate Homes For Sale Over $300,000

• 7560 Tamarisk Dr, Fort Collins
• 3214 Chase Dr, Fort Collins
• 8016 Louden Cir Ct, Fort Collins
• 3411 Hidden Pond Dr, Fort Collins
• 319 N Whitcomb St, Fort Collins

Fort Collins Real Estate Expert

My name is Allison Klein and I am a successful Fort Collins Realtor selling Fort Collins Real Estate. Search my website for Fort Collins MLS listings free. My goal is to make sure that you have the smoothest transaction possible and provide you with exemplary customer service! Let me know how I can fullfill your Fort Collins Real Estate needs. Give me a call today at 970.818.6668 or fill out my online contact form for more information.

Whether working with buyers or sellers, my energy, professional contacts and vast resources are available to make my clients’ property searches in Fort Collins Real Estate and sales go as smoothly as possible. As a REALTOR since 2003, I am an elite Broker Associate at ERA Herman Group Real Estate. My real estate expertise lies within Northern Colorado; and I am the inarguable market maker in Fort Collins Real Estate. Even if one is just starting to consider a move or relocating to Fort Collins area, please do not hesitate to contact me. I look forward to sharing why the Fort Collins area is continually rated one of the places to live in the nation.
Changing Fort Collins Real Estate one transaction at a time…

While you were out boating, camping, traveling and just enjoyng the sun you may have missed Colorado State University and its startup companies. According to the Coloradoan many companies have been very busy this summer creating jobs for Northern Colorado. What does this mean for Fort Collins Real Estate?

Abound Solar is a prime example of how CSU startups create jobs in Colorado. The company recently doubled its reliability lab and corporate office space at Centerra in Loveland, adding 50 new jobs in 2011.

Abound, which spun out of CSU in 2007, makes low-cost thin-film solar energy modules at its manufacturing facility in Weld County and employs more than 350 people in the region. In total, it plans to add up to 500 new employees through its expansion of its Colorado and Indiana activities over the next two years.

Additionally, two of CSU’s most prominent solar scientists, Professors W.S. Sampath and Jim Sites, recently received $2.5 million from the National Science Foundation and Abound Solar to reduce the cost of solar-powered electricity.

Numerica obtains a second NASA contract. Even though NASA’s space shuttle program has ended, CSU spinoff company, Numerica Corp., will play a key role in the future of the nation’s space exploration. The Loveland based research and development company was awarded a two-year, $600,000 Small Business Innovation Research Phase II contract to help improve flight mission design for NASA.

The contract announcement is the second NASA contract awarded to Numerica, resulting in $1.2 million coming to a primary employer in the Northern Colorado economy helping Fort Collins Real Estate.

Aubrey Poore, former CSU professor, is Numerica’s founder, chief scientist, and CEO. The origin of the company is a perfect example of how a research university and industry can work together to advance and apply scientific knowledge.

• Two CSU affiliated startups will be among the 30 regional companies selected to present at the 2011 Rocky Mountain Life Science Investor and Partnering Conference, Sept. 21-22, at The Brown Palace Hotel in Denver. Vet DC is a recent startup that develops emerging human medicine technologies for companion animal markets. KromaTiD is a bioscience company developing unique detection assays for genetic abnormalities and diseases. They will be among the area’s most innovative life science companies presenting to a targeted audience of biotech, device, diagnostic and pharma investors and strategic partners.

What does this mean for you and Fort Collins Real Estate? As I have stated all along, now is the time to buy. Companies are moving in and supply for Fort Collins Real Estate is going to start to shrink. Interest rates are at all time lows and I can’t foresee them going down any further. For all of you on the fence now is the time to buy Fort Collins Real Estate

My name is Allison Klein and I am a successful Fort Collins Realtor selling Fort Collins Real Estate. Search my website for Fort Collins MLS listings free. My goal is to make sure that you have the smoothest transaction possible and provide you with exemplary customer service! Let me know how I can fullfill your Fort Collins Real Estate needs. Give me a call today at 970.818.6668 or fill out my online contact form for more information.

Whether working with buyers or sellers, my energy, professional contacts and vast resources are available to make my clients’ property searches in Fort Collins Real Estate and sales go as smoothly as possible. As a REALTOR since 2003, I am an elite Broker Associate at ERA Herman Group Real Estate. My real estate expertise lies within Northern Colorado; and I am the inarguable market maker in Fort Collins Fossil Lake Ranch Neighborhood. Even if one is just starting to consider a move or relocating to Fort Collins area, please do not hesitate to contact me. I look forward to sharing why the Fort Collins area is continually rated one of the places to live in the nation.
Changing Fort Collins Real Estate one transaction at a time…