Colorado among toughest markets to crack for first-time homebuyers | SummitDaily.com

Colorado among toughest markets to crack for first-time homebuyers

By Emilie Rusch / The Denver Post

It's not just your imagination: Colorado is one of the most difficult places in the country for first-time home buyers to break into the housing market.

That's according to a report released Tuesday by Bankrate.com ranking all 50 states based on home prices relative to income, job prospects for young adults, market tightness, credit availability and homeownership rates among millennials.

Colorado finished in the top 10 — and not in a good way — the eighth toughest state in the U.S. when it comes to being a first-time home buyer, the report said.

Read the full story on The Denver Post website, click here.