Millennials are aging into their prime adulthood years, which means they are achieving life goals such as getting married, starting a family, and buying a house. A wide range of cities, from San Francisco to Wichita, Kan., are appealing to younger buyers.
Business Insider, through a study by LendingTree, found 13 cities that have gotten the highest percentages of mortgage applicants 35 and younger since last August.
Pittsburgh topped the list, as 48 percent of applicants were Millennials. The average down payment in the Steel City was $33,963, and the average mortgage was $201,921.
Washington D.C., Des Moines, Iowa, Boston, and St. Louis round out the top five.
Advertisement
Related Stories
Economics
Shelter Costs Drive Inflation Higher Than Expected in January
January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening
Economics
Weighing the Effects of the Fed's and Treasury's Latest Announcements
The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady
Economics
NAHB CEO Tobin Says 'Housing Renaissance' on the Horizon
Responding to positive housing-related data such as falling mortgage rates and increased homebuyer activity, NAHB's CEO Jim Tobin is optimistic