It’s a Good Time to Purchase an Investment Property
It’s a Good Time to Purchase an Investment Property Millennials are Waiting Longer to Buy In July 2016, U.S. homeownership rates hit their lowest percentage on record at 62.9%. What is the major cause of this trend? The dip in homeownership is most likely due to millennials waiting longer than ever to purchase their first home. Factors that influence the home buying decisions of the younger demographic are increased student debt, delayed marriage, and waiting to have children. As a natural result, this has impacted rent and vacancy numbers across the state. According to the Colorado Department of Local Affairs,
August 24, 2016