TheMReport

MReport February 2020

TheMReport — News and strategies for the evolving mortgage marketplace.

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M REPORT | 55 O R I G I NAT I O N S E R V I C I N G DATA G O V E R N M E N T S E C O N DA R Y M A R K E T THE LATEST DATA Most Popular Cities Among Millennials Minneapolis Buffalo, New York San Jose, California Denver Salt Lake City Pittsburgh Milwaukee Austin, Texas St. Louis Detroit Philadelphia Cleveland Chicago Kansas City, Missouri Boston Least Popular Cities Among Millennials Tampa, Florida Las Vegas Miami Jacksonville, Florida Phoenix Riverside, California Orlando Sacramento, California San Diego Atlanta Memphis, Tennessee San Antonio Birmingham, Alabama Los Angeles Virginia Beach, Virginia Homebuying Hotspots for Millennials Here's where millennials are putting down roots as this generation gets older. A new LendingTree study reveals the top 10 cities that are draw- ing the most homebuyers from the millennial generation (de- fined as born between 1981 and 1996). The three most popular cities for millennials to put down roots are Minneapolis, Min- nesota; Buffalo, New York; and San Jose, California, as these are the metro areas that have the greatest number of home purchase bids from millennials according to LendingTree's data. After analyzing the amount of new purchase mortgage requests within the nation's 50 most populated metro areas from data gathered between January 2019 to November 2019, LendingTree discovered that it was the millennial generation that actually made up more than half of the home seekers looking to purchase in these specific large city-regions. 1 1 1 1 6 6 6 6 2 2 7 7 7 7 5 5 5 5 10 10 10 10 13 13 13 13 12 12 12 12 15 15 15 15 3 3 8 8 8 8 4 4 2 2 3 3 4 4 9 9 9 9 11 11 11 11 14 14 14 14

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