Best & worst cities for first time home buyers

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
Data pix.

The American dream is not exactly what it used to be.  For those who don't own a home, 41 percent say they won't be buying in the foreseeable future.  That's a ten percent jump from just 2 years ago.

Four cities in the Denver metro area made a list of the top 20 best places to buy, nationally.  Heather Mills spoke with Kelly Moye from the Colorado Association of Realtors.  She says first time home buyers only make about 20 percent of the market right now, that's a ten percent drop from a decade ago, and there's several reasons for that.  One reason that we've heard about over and over again - millennials just aren't willing to buy - they want to stay mobile and "free" - and in many cases they've been priced out of the area where they do want to live, which may times is Denver proper.   Moye says the Denver metro area is a hot market right now, so it's not unusual to see multiple offers on one home so many prospective buyers are frustrated.  She also says Colorado is a great place to buy because our economy is strong, and compared to other places across the country, it's still considered affordable.

Most Read

Top Stories

More Home Page Top Stories