Average rent has increased approximately 11% in just the past year and will continue to rise. Denver is among the top four markets in the country where renters have seen the highest increase in rents since 2009. (source: Perry Wade, 9 news) Metro’s 24.1% increase in rent in the last six years follows only that of New York (50.7%), Seattle (32.28%), and San Jose, CA (25.6%). (Source multifamilyexecutive.com)
As of 2014, Millenials have pulled ahead of Generation X as the largest segment of buyers at 32% of the U.S. Housing market, and growing, according to the National Association of Realtors.
It makes sense to buy a home and build equity rather than “throw away” money on rent. Now you just need a good buyer’s agent to get you into your new home. 🙂
