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Colorado Among Worst States for First-Time Home Buyers

Colorado Bad for First _Time Home Buyers
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People sure seem to love living in Colorado, but it apparently is far from the ideal place for first-time home buyers.

According to statistics compiled by BankRate.com, Colorado is in the bottom 10 states in the country for new home owners.

Data collected for the study included housing affordability, job market for young adults, housing market tightness, credit availability, and home ownership among millennials. However, when you look at the top 10 states compared to the bottom 10, you can see a clear distinction.

BEST 10 STATES
1)Iowa
2)Utah
3)Minnesota
4)Kansas
5)Missouri
6)North Dakota
7)South Dakota
8)Wyoming
9)Vermont
10) Nebraska

WORST 10 STATES
40)West Virginia
41)Massachusetts
42)Oregon
43)Colorado
44)Texas
45)Rhode Island
46)Mississippi
47)Louisiana
48)New York
49)Hawaii
50)California

It is clear from these lists that first-time home buyers have the least chance of success¬†in the most attractive locations and the best chance of home ownership in the least desirable states.That’s not to say that you could never own a home in one of the “desirable” states, but you may have to “pay your dues” in one of the “undesirable” locals first.

BONUS VIDEO!  5 Ideas for the Grand Junction Kmart Building

NEXT: House Swap Could Be Your Ticket Out of Colorado

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