The U.S. Census Bureau tells us that over the 10 years from 6/30/07 to 6/30/17, the number of “renter” households in the USA increased by 8.4 million to 43.4 million while the number of “owner” households increased by just 0.9 million to 76.1 million.

According to Zillow 50% of the residents of the City of Denver rent a home or apartment as of 2016, this is an increase of 5.6 percentage points since 2006.

Over the latest 12 months, however, from 6/30/17 to 6/30/18, the number of “renter” households in the United States declined by 0.1 million to 43.3 million, while the number of “owner” households increased by 1.8 million to 77.9 million.

A third of Millennial renters can’t buy a home they believe because they can’t afford the down payment. Why? Many first time home buyers still believe they must put 20% down. WE MUST TELL THEM THEY NEED AS LITTLE AS 3% DOWN TO BUY A HOME!