Fall 2018 Market Report Focuses on Millennials

October 4, 2018
Woman standing in bathroom with '70s décor
Photo: Unsplash/Sam Manns

The Fall 2018 Housing and Mortgage Market Review from Arch Mortgage Insurance Company tracks where Millennials can find the best jobs and homes, what they should know about the market, and forecasts their future impact.

Primarily, the report identifies 25 U.S. cities with affordable housing and strong labor markets that Millennials could call home. Winnowing down the list from the 100 biggest metros, eliminating cities with worse affordability than the national average, the Fort Worth-Arlington, Texas metro was deemed the best for Millennials in the ArchMI report. The metro scored best in terms of affordability and strong job growth, followed by Jacksonville, Fla. 

Even though both regions are slightly more expensive than their historic norms, their housing affordability is still better than in the U.S. overall, which currently requires 31 percent of the median household’s income to cover mortgage payments on a median-priced home. Oklahoma City currently has the best affordability on the list, requiring only 19 percent of pre-tax median income to pay for a mortgage on a medianpriced home.

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