Millennials comprise the largest segment of home buyers in the country. Record-low mortgage rates are drawing many into homeownership lately too.
LendingTree recently analyzed mortgage purchase requests made on its site through the 50 largest metros in the country from Jan. 1 through Dec. 15, 2020, to see where millennials are most targeting in their home searches. For their study, LendingTree defined millennials as those born from 1981 to 1996.
The following markets have the largest share of purchase requests in the past year from millennials: San Jose, Calif., Boston, and Denver, according to the study. On the other hand, Las Vegas, Tampa, Fla., and Phoenix had the lowest percentage of millennials making purchase requests.
Take a look at the chart below to see where your metro falls on the list.
Source: “LendingTree Ranks Most Popular Cities for Millennial Homebuyers,” LendingTree (Jan. 5, 2020)