Millennials in Chicago are putting down roots by purchasing homes, driving up the metro area’s home prices, The Chicago Tribune reports.
As a result, the Chicago-area is experiencing home sales at levels not seen since the recession. Sales rose 7 percent year-over-year, and the median price is now $222,000, the highest since October 2008.
The Windy City is one of a just a few other areas where Millennials are boosting home sales, because job opportunities and relatively affordable homes there make the path to ownership easier than other markets.
