TeamCox Realtors is always on the lookout for experts across all facets of the real estate field to share their knowledge with us. Please contact us at info@teamcox.com if you are interested in being one of our guest bloggers. As the nationwide real estate market slumps and foreclosures rise, hesitant homebuyers are apparantly seeking out rentals in lieu of purchasing a home. Today, David Dudgale, founder of RentVine.com, shares his insights with us: January was an amazing month for people searching for single family unit housing. Normally July is the biggest month for people to search for housing rentals, but for some reason January almost surpassed July in the traffic on the online rental sites.
My name is Dave Dugdale; I am the owner of www.RentVine.com which is the sixth largest national site for small unit housing rentals. Each month I track how well my sites traffic does compared to my top competitors and I was very surprised to not only to see my site’s traffic way up, but for my competitors as well.
This could be a result of the recent housing crunch and foreclosures. Perhaps people are waiting on purchasing a home and deciding to rent for a while longer.
The graph below is from Google Trends for the search phrase “houses for rent." As you can see, Google supports the data that I am seeing from the rental sites that I track that January was an unusually strong month for rentals, even when you look back several years. -Dave Dudgale 
Despite this national trend, now could not be a better time to buy a home in the Denver metro area since the Denver housing market is well out-performing the national one. Why rent a home in Denver when you can take advantage of a plentiful inventory of great homes combined with low interest rates! For more information on the pros and cons of renting vs. buying a home in the Denver real estate market, please contact TeamCox Realtors. | 
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