The Homebuying Millennials Are Coming…To Pittsburgh! – NMP Skip to main content

The Homebuying Millennials Are Coming…To Pittsburgh!

Mar 17, 2017
Pittsburgh Waterfront Pic/Credit: SeanPavonePhoto

When it comes to Millennials seeking homeownership, Pittsburgh is the hottest market for this young property buyers.
 
According to a new study by LendingTree, Pittsburgh topped the list of major markets where Millennials are looking to buy a home, with 48.4 percent of all purchase mortgage requests coming this demographic. Washington, D.C. was the second most popular market, with 46.8 percent of all purchase mortgage requests generated by Millennials, and Des Moines, Iowa, was in third place at 46.4 percent. The average home loan amounts sought by Millennials in those markets were $201,921, $381,110 and $173,439, respectively.
 
As for the largest home loan requests, San Francisco’s Millennials sought out the highest priced mortgages, averaging $528,761. And despite that princely sum, the city recorded 44.3 percent of home loan requests coming from Millennials.
 
“Thanks to a stronger jobs market and overall economy, the 35-and-under crowd is growing up,” said Doug Lebda, CEO of LendingTree. “Although millennials have been slow to the real estate market, the appeal of homeownership remains strong, and we’re beginning to see more activity with this generation. Rising home prices and high student loan debt are still affecting the purchase power of millennials, but as more student debt is repaid and the jobs market improves, we’re likely going to see more young buyers in this spring home buying season than in previous years.”
About the author
Published
Mar 17, 2017
July CPI Eases Mortgage-Rate Risk, But Doesn’t Promise Relief

Consumer inflation rose just 0.1% in July, reducing pressure for a September Fed rate hike as mortgage rates remain near their highest levels of the year

Aug 13, 2026
The Fed Held. The Mortgage Market Got A Warning.

Three policymakers favored an immediate hike, while Warsh welcomed higher bond yields and offered no clear path toward mortgage-rate relief

Jul 30, 2026
New Study Finds UWM's 'All-In' Triggered Industrywide Pricing Spillovers

Research shows wholesale competitors responded to the 2021 Rocket ban by lowering mortgage rates,

Jul 15, 2026
First Major Housing Reform In Decades Becomes Law Without Trump's Signature

Bipartisan ROAD to Housing Act advances supply, construction, and mortgage reforms despite White House protest

Jul 10, 2026
Mortgage Star Conference Honors Women Shaping The Future Of Mortgage Leadership

MWLC honors leaders driving innovation, mentorship, and growth across the mortgage industry

Jul 09, 2026
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Jul 02, 2026