The toughest game in town right now is finding a home that’s priced for younger buyers wanting to climb onto the homeownership ladder, like their parents and grandparents had done decades ago.
“It’s much more difficult for younger buyers to get into the market now,” said MileHiModern agent Brandy Pfalmer. “I’m finding the age of a first-time buyer is much higher.” She typically handles the seller side of a transaction, but this week she played buyer’s agent for a young couple planning to marry this fall.
“Can’t find that price now…”
That typical starter home price in Colorado is now about $400,000, but the pair wanted better than that sum could fetch. “You can’t find that price now around Denver,” said Pfalmer — adding that the couple’s chosen search area of Parker, with a popular Mainstreet shopping/dining district and lots of amenities, made that less likely still.
Making the challenge tighter still, prices have continued to climb around the metro area, even as the market remains relatively slack — and interest rates have given no ground for three months…