Michelle Ackerman, a real estate broker for Redfin in metro Denver, said about 30% of her customers are millennials, who are particularly well-informed about the housing market and have researched the sellers and their properties thoroughly. Ackerman said that in many cases, her millennial clients borrow money from their parents to meet the 20% down-payment requirement, leave the market for a year to save up, or look at more modest options. “I think that what they are looking for has changed,”

Another month, another shot of good news about metro Denver home prices, as the most recent CoreLogic home price index (HPI) report shows Denver’s home sales prices continuing to rise. The Denver-Aurora-Broomfield area saw home prices increase by 6.5% in May compared with May 2011. That number included distressed sales. That’s at least the fourth month in a row metro Denver’s HPI has posted year-over-year positive gains.