I read recently that 81,000 young adults aged 25 to 39 left cities of greater than 500k residents and moved to the suburbs between 2017 and 2018 according to the U.S. Census Bureau. Second, according to NAR's 2020 Home Buyer and Seller Generational Trends Report, 53% of home buyers in their thirties bought a home in the suburbs last year.
This was all BEFORE COVID and I would bet you $1000 that this trend strengthened this year as more young people leave the urban core areas of dozens of large cities in our country. I wouldn't be surprised if this percentage hits 70% this year.
Why do I tell you this? I think attached home prices in the urban core of Denver-downtown, LOHI, and many other areas may see prices drop in the next year and possibly even longer. If employees do NOT return to work in downtown Denver, why live nearby?