Coloradans Priced Out of Housing as Costs Outpace Earnings
By Spencer Kristensen | KDVR Fox 31
DENVER (KDVR) — A report from the Common Sense Institute, a conservative-leaning research organization, revealed that the majority of Colorado residents are being priced out of the opportunity of owning a home.
The report called “Colorado’s Housing Affordability Mismatch” was created by CSI’s Chief Economist Steven Byers and states that it analyzes the growing disparity between what Coloradans can afford and what’s actually available in the housing market.
The report listed several findings, including:
60% of households in Colorado cannot afford the average home in the state, which is an increase from the 2010 figure of 47%
40% of households can only afford homes under $300,000, which accounts for only 15% of the houses statewide
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