Many insurance companies now discount life insurance premiums for seniors with pets because their statistics show that they enjoy a longer life than those without pets. Housing Authority has recently banned smoking in private apartments in all public housing in St. Lucie County. Tenants have even been sued for smoking in their own co-op apartments. After easing from last year's record pace, existing single-family home sales showed signs of stabilizing in February. The market is expected to be relatively stable over the next few months, with more buyers switching to adjustable-rate mortgages to qualify for loans.
Prices are strongest in the South and weakest in the Northeast.
Locals are still calling the mile-high marketplace hot. A growing roster of renters will continue to absorb more units than developers can pump out. Opportunists will continue upgrading aging rental communities and converting apartments to condos by the thousands. While all of that paints a pretty rosy scenario in Metro Denver, observers agree it can't last forever. And signals are indeed emerging that the head-turning growth in both supply and demand is starting to slow.