How Seniors And Millennials Are Impacting Denver’s Housing Market
Millennials (born between 1981-1996) could be waiting twenty years to save enough to afford a 20% downpayment on a home in Denver, Westword reports. Despite this news, Denver remains a popular location with millennial house-hunters who are buying homes at an increasing rate — even if they’re having to pay more than previous generations. One reason for this is the new trend in older Americans “aging in place”, resulting in less houses on the market which drives up the price for millenials.
Changes in home ownership over generations
In Denver and across the US, home ownership isn’t as prevalent for millennials as it was for their parents and grandparents. For example, 14% of…