Colorado ranked among worst for first-time homebuyers
California was the worst in the nation, followed by Hawaii, New York, Louisiana and Mississippi.
Stapleton residences under downtown Denver's skyline. (Kevin J. Beaty/Denverite)
DENVER (AP) — An analysis from a financial services website ranks Colorado among the worst in the country for first-time homebuyers.
Bankrate.com ranked Colorado 43 out of 50 states based on home prices relative to income, job prospects for young adults, market tightness, credit availability and homeownership rates among adults under 35.
The report says Colorado’s housing market is among the tightest in the nation.
California was the worst in the nation, followed by Hawaii, New York, Louisiana and Mississippi.
Neighboring Utah, Kansas and Wyoming ranked among the best for first-time homebuyers, with Utah second, Kansas fourth and Wyoming eighth.
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