Top 5 Housing Markets Attracting Millennials
As home prices in trendy urban areas like DC, New York City, and San Francisco skyrocket, young buyers may be looking elsewhere — to where they can actually afford to buy, notes a recent article in Fortune.
Those preferences have kept many young buyers searching for homes that are affordable in the middle of the country and avoiding the two coasts “where housing prices have been rising steadily in the recovery,” says Fortune.
A CoreLogic study analyzed more than 70 metrics associated with mortgage purchases by young homebuyers and ranked all counties with a population greater than 200,000. Among the statistics included in the analysis: loan application data, mortgage interest rates in different counties, the number of foreclosures in the state, and the education level of its Millennials.