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Lending tree: top ten places millennials are buying


closetohumping

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35 minutes ago, ztejas said:

Basically what I was thinking. Just missing Miami and Chicago. 

Man, Chicago, there's a lot of value there. I think it's cheaper than Austin.  Maybe my favorite city.

 

Miami, lots of rich and poor folks, rent is pricey I think.  It's moving on up.

15 minutes ago, crash_davis said:

You mean that housing prices are high in the area that have the highest demand? GTFO!

Prices are cheap as shit in (insert shitty small town name), why don't people want to move there?

You'd like Provo.  

 

It's nice this time of year.

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16 minutes ago, closetohumping said:

Man, Chicago, there's a lot of value there. I think it's cheaper than Austin.  Maybe my favorite city.

 

Miami, lots of rich and poor folks, rent is pricey I think.  It's moving on up.

You'd like Provo.  

 

It's nice this time of year.

You mean the Provo with a median housing price of $453k?

https://www.redfin.com/city/16042/UT/Provo/housing-market

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But...BUT....let's remain "fair and balanced."  Millennials are now olds, the young whipper snapper Gen Zs are saturating middle America:

 

Most popular U.S. cities for Gen Z homebuyers:
1 Salt Lake City
2 Louisville
3 Oklahoma City
4 Cincinnati
5 Indianapolis
6 Phoenix
7 Minneapolis
8 Birmingham
9 St Louis
10 Virginia Beach

http://www.lendingtree.com/home/mort...n Z buyers 

 

 

This is 500k in Indy:  https://www.redfin.com/IN/Indianapolis/7138-Birch-Leaf-Dr-46259/home/170063381

 

Similar price in San Jose:  https://www.redfin.com/CA/San-Jose/5054-Cribari-Vale-95135/home/1757659

 

OF course real estate is local and hard to compare apples to apples.

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I didn’t realize generations were compelled to move to the same places or maybe there’s a “journalist” splitting hairs with insignificant data in order to get clicks. It’s a shame ChatGPT going to make lazy journalism obsolete.

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25 minutes ago, Newdoc said:

I didn’t realize generations were compelled to move to the same places or maybe there’s a “journalist” splitting hairs with insignificant data in order to get clicks. It’s a shame ChatGPT going to make lazy journalism obsolete.

This is almost a bingo 

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1 minute ago, closetohumping said:

I agree it's soulless.  But those are nice digs!

Not bad style-wise, but I get the feeling it would have a very "cheap" feel when actually in it.

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52 minutes ago, closetohumping said:

But...BUT....let's remain "fair and balanced."  Millennials are now olds, the young whipper snapper Gen Zs are saturating middle America:

 

Most popular U.S. cities for Gen Z homebuyers:
1 Salt Lake City
2 Louisville
3 Oklahoma City
4 Cincinnati
5 Indianapolis
6 Phoenix
7 Minneapolis
8 Birmingham
9 St Louis
10 Virginia Beach

http://www.lendingtree.com/home/mort...n Z buyers 

 

 

This is 500k in Indy:  https://www.redfin.com/IN/Indianapolis/7138-Birch-Leaf-Dr-46259/home/170063381

 

Similar price in San Jose:  https://www.redfin.com/CA/San-Jose/5054-Cribari-Vale-95135/home/1757659

 

OF course real estate is local and hard to compare apples to apples.

Kind of a weird article. I don’t think it has to do with popularity but the dynamics of expensive areas. Gen Zers can’t afford coastal metro areas yet and boomers/older Gen-Xers are paying cash if they buy at all, so it makes sense millennials would be the largest buying group by far in those areas. 

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15 minutes ago, We’reTexas said:

...boomers/older Gen-Xers are paying cash if they buy at all...

Based on my personal experience and an informal survey of folks moving into our new development south of Tulsa... Gen-Xers are cashing out of these markets and parlaying it into more space and peace in the heartland.

 

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27 minutes ago, Guadaloopy said:

Based on my personal experience and an informal survey of folks moving into our new development south of Tulsa... Gen-Xers are cashing out of these markets and parlaying it into more space and peace in the heartland.

 

Exhibit B: https://www.surlyhorns.com/board/topic/29932-anyone-ever-willingly-moved-to-oklahoma-instead-of-just-from/#comment-5124066

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17 hours ago, Beau Vine said:

That also looks like a list of the Most Expensive Housing Markets in the US.

Where'd the youngsters get all of the cash flow out of their Humanities Degrees?

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6 hours ago, Nice Guy Eddie said:

Is someone asking for a mortgage offer on Lending Tree a good indicator where millennials are buying?

It could just as easily be an indicator where millennials are struggling to find a payment they can afford, and they're hitting every possible option.

It's ranked by share of mortgages offered to each age bracket.  It has zero to do with popularity, but probably much to do with affordability and population growth (past for Gen Y and present for Gen Z).

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2 minutes ago, PRONG HORN said:

 

Minus these places.  


4 Seattle, Wash.
6 San Francisco, Calif.
9 Los Angeles, Calif.
10 Washington, D.C.

Heck, people are so desperate to live in three of those cities, they’re willing to live in giant hobo shantytowns to do it! 
 

Check and mate. 

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