Vacancy rates have gone down a bit, but owners are still behind the power curve. To attract residents and bring vacancy rates down, apartment owners had to offer incentives or discounts, despite their costs increasing.

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These are people who are living on the bubble.

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I think there is a lot of pent-up demand, a lot of people thinking of buying houses are doubling up, and the economy is getting better.

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If you take the communities along the I-70 corridor - Summit, Eagle, Aspen and Glenwood Springs and Grand Junction - they're all doing very well.

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