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Metro Denver is one of the least affordable markets and Colorado one of the least affordable states for those looking to buy a home. Only 6% of the homes sold in the first quarter were affordable to households making the median income.
Builders are making a dent in Colorado's housing shortfall, especially for apartments. But home prices and mortgage rates continue to outpace income gains, and affordability is worsening.
First-time homebuyers are continuing to have trouble affording a home as the housing market grows more expensive with high interest rates and asking prices.
First-time homebuyers are continuing to have trouble affording a home as the housing market grows more expensive with high interest rates and asking prices.
First-time homebuyers are continuing to have trouble affording a home as the housing market grows more expensive with high interest rates and asking prices.