A change is coming to the Colorado housing market and millennials are at the forefront of that wave. Millennials make up the largest part of the United States’ workforce, but are moving and purchasing homes at the lowest rate of any generation in years. What are the factors in this seeming contradiction and what does it mean for the Colorado housing market going forward? And most importantly, what does it mean for millennials looking to purchase a home in Colorado today?
Who Are Millennials?
Millennials are defined as anyone who was born between 1981 and 1996. That would make them between the ages of 22 and 37 today. This generation was old enough to remember the 9/11 terrorist attacks, they were in high-school or college when the first iPhone…
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