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,” she said. “They are looking at smaller homes where the common living space is not as important and access to public transit is a very important requirement.”

Read article – Denver Post

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