Age of Home Buyers

The typical home buyer for the United States and the West region have something in common, the average age is 39 years old. The highest percentage of buyers in the U.S. is in the 25-34 year range. See the chart below about buyers who purchased a home in 2007





AGE
All Buyers
The West Including Colorado

18-24
5%
5%

25-34
30%
31%

35-44
24%
25%

45-54
19%
18%

55-64
15%
13%

65-74
5%
6%

75 +
2%
2%

Median Age
39 Y.O.
39 Y.O.



Information Provided by the National Association of Realtors in 2007



Comments

Post a Comment

Popular posts from this blog

Foreclosure Predators in Colorado

Homeowners falling behind on their payments are also falling victim to foreclosure predators. Once a property owner has missed two or three monthly payments, a lender routinely files a public notice of default with the county recorder’s office. This is the road to formal foreclosure. Scam artists simply have to read the notices to find possible victims. They then descend on the homeowners with an outstretched hand and offer to help, and trick them into signing over title to their homes. Usually, the rescuer is a stranger, who contacts them with a “great offer” to save their home. They say that they or another third party can temporarily “share” or assume title to the homeowner’s property That way, with someone else’s name on the title, struggling homeowners can refinance and improve their credit. And then once their credit is repaired, they would get sole title back. But in reality, this is when the second round of trouble starts. Victims find that their name has been removed from the ...
Read more

Midcentury chic: An amazing Home Remodel in Lakewood Colorado

Image
When Lynn Coit walked into the open house for this ’60s-era raised ranch in Lakewood’s Meadowlark neighborhood, she saw endless possibilities. Sure, the brown shag carpet, green linoleum floors, and brick exterior felt more like a commercial storefront than a welcoming family residence. But as the founder and president of Denver commercial interior design firm  Elsy Studios  (her clients include law firm Merchant & Gould and the Federal Reserve Bank), Lynn looked past those eyesores to spy a dated but strong framework prime for a contemporary overhaul. Shortly after she bought the house in 2014, she and her husband, Andrew—a commercial real estate broker and DIYer—oversaw a comprehensive five-month renovation. The result: a masterful blend of modern convenience and stylish retro flair. We sat down with the design-savvy couple to get the inside scoop. Read the interview
Read more

Denver-area home prices drop slightly again in August; still up year-over-year

Image
The cost of buying a home in the Denver metro area dipped slightly for the second straight month in August, according to the latest data from the Denver Metro Association of Realtors. The median sale price of all residential properties was $380,000 last month, a decrease of $5,000 from the month before. Compared to the same time last year, however, prices are still up more than 8 percent. While it’s difficult to say if the past couple months are indicative of a trend, Realtors say the numbers do seem to show that the market is cooling down some. Housing numbers can be presented in ways to paint many different pictures, Overall, it is still a positive market even though we are transitioning towards something that looks more normal. 38,553 residential properties have sold so far this year, setting a new record for the metro area. That number is 4.35 percent higher than the same time last year. While housing inventory continues to climb, it’s still far below the historical average o...
Read more

Best Things To Do in and around Denver! 03-13-2017 to 3-18-2017

Image
We The Kings and Cute Is What We Aim For March 13, 2017 at 7:00pm Denver, CO Call Me Karizma and Kid Quill March 14, 2017 at 6:00pm Denver, CO Polyphia, Covet and more March 14, 2017 at 6:00pm Denver, CO Ann Wilson (Heart) March 15, 2017 Denver, CO Carousel Kings and Abandoned By Bears March 15, 2017 at 6:30pm Denver, CO Enter Shikari and Being As An Ocean March 15, 2017 at 7:00pm Denver, CO P.O.S. and Transit22 March 15, 2017 at 7:00pm Denver, CO Enter Shikari March 15, 2017 at 7:00pm Denver, CO Ann Wilson Of Heart March 15, 2017 at 8:00pm Denver, CO Avion Roe and It Lives, It Breathes March 16, 2017 at 7:00pm Denver, CO The Griswolds and Dreamers March 16, 2017 at 7:00pm Denver, CO Irish Burlesque - Shamrockin' Shimmy! March 16, 2017 at 8:00pm Denver, CO Michael Che March 16, 2017 at 8:00pm Denver, CO Big Paddy March 17, 2017 Denver, CO The Menzingers March 17, 2017 at 7:00pm Denver, CO Rozwell Kid and The Menzingers ...
Read more