Skip to main content

The Most Popular Housing Market for Millennials Is …

Phil Hall
Dec 20, 2018
The capital of the Beehive State is buzzing with Millennials on the prowl for homebuying, according to new data released by LendingTree

The capital of the Beehive State is buzzing with Millennials on the prowl for homebuying, according to new data released by LendingTree.
 
In a data analysis of 50 major metro areas where buyers age 35 and younger made purchase mortgage requests on the LendingTree site between Jan. 1 and Nov. 25, Salt Lake City reigned as the market with the greatest number of Millennial purchase loan requests: 51 percent of the total purchase loan inquiries came from this youthful demographic. Minneapolis and Pittsburgh followed with 48 percent shares, respectively.
 
At the other end of the spectrum, Tampa had the lowest share of Millennials making purchase loan requests at 30 percent, followed by Las Vegas at 31 percent and Miami at 32 percent.
 
“We found that nearly one-fourth of all mortgage purchase requests in this period came from Millennials,” said LendingTree Chief Economist Tendayi Kapfidze, adding that Millennials in San Jose, San Francisco and New York had the highest average credit scores while their counterparts in Memphis, Birmingham and New Orleans had the lowest average credit scores.

 
Published
Dec 20, 2018
Anchor Loans Hires Andrew Jewett As SVP, Enterprise Sales

Formerly lead lending at Sundae Inc.

Industry News
Aug 02, 2021
Pretium Adds 3 Execs With Residential Credit Expertise

New Hires Will Serve As Managing Directors

Industry News
Aug 02, 2021
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021