Homebuying Trends: Baby Boomers Outpace Millennials in Purchases.
TL;DR Summary
San Jose, California is the most popular city for millennial homebuyers in the U.S., with 63.57% of mortgages offered to millennials. Denver, Colorado and Boston, Massachusetts follow closely behind. The average down payment among millennials was $144,942, and the average age of those buying in these cities was around 32 years old. These cities offer proximity to prestigious universities and tech hubs, making them attractive to young homebuyers.
- This California city is the most popular with millennial homebuyers in the U.S. CNBC
- Baby boomers buying more homes than millennials, report says 9NEWS
- Zillow report: KC's young single women have a harder time buying a home than men - Kansas City Business Journal The Business Journals
- Baby boomers buck trend, become biggest share of home buyers WKRC TV Cincinnati
- Who is selling their homes in this uncertain market? Hint: they're also buying. MarketWatch
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