One thing i've noticed with first time homebuyers is that they're getting younger and younger. This article by the Denver Post over the weekend proves it:
Is your rate too high? Get a rate quote on a Denver Mortgage Loan now!In 1995, people 25 and younger bought 172,000 homes nationally, said Walter Molony, spokesman for the National Association of Realtors. In 2005, that number jumped to 501,000.
"The children of the baby boom generation - approximately 75 million (nationally) born between 1982 and 1995 - that generation is just entering the years in which people buy a first home," Molony said.
Many are just graduating from college with good educations "and are landing lucrative jobs," said Angela Burdick, broker/owner of Metro Brokers Angela Burdick Real Estate in Littleton.
"I think what's spurring them to buy is the investment potential."
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