A Colorado Division of Housing 2014 first quarter report [.pdf] found that rents in many Front Range cities hit an all time high, with rents in the Loveland-Fort Collins metropolitan area jumping 17.2 percent from this time last year. Fort Collins average rent hit $1,183, and Denver's average rents are $1,073.
It turns out those high rental rates may also be affecting the local housing market, real estate agents say.
Kristi Taylor can pinpoint the precise moment she let go of the dream of homeownership. It was a few months ago, as she and her husband and infant son were driving through a neighborhood of homes near their apartment in Athens, Ga.
"As we were passing through, I realized that I don't really look at houses like I used to, when we would point out homes and say, 'That can be ours someday,' " says Taylor, who is 28. Now, she says, "the idea of homeownership is so vague, it doesn't even strike me as something that's in our future."