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Denver's a top market among millennials buying homes

Denver ranked No. 4 out of the 50 metros, with 55.3% of mortgage requests coming from millennials.
Credit: DBJ

Denver has a hot housing market, and it's especially hot among one of the largest potential demographics.

Millennials, those people born between roughly 1981 and 1997, make up more of the current home-buying market in Denver than nearly all of the 50 largest U.S. metro areas, according to a report by LendingTree.

The report looked at new purchase mortgage requests made between January and November 2019. In that time frame, Denver ranked No. 4 out of the 50 metros, with 55.3% of mortgage requests coming from millennials.

Denver had among the youngest millennials — 30.8 years old, on average — looking for mortgages, with an average credit score of 682. The average requested loan amount was $316,524 and the average down payment was $49,361.

>>>Read more at the Denver Business Journal

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