Millennials are Actually Buying Homes in CBUS

A flock of millennials in their natural state, blissful exuberance for their existence.

Well, waddayaknow — looks like we’re not actual trash people! We’re *homeowners* — huzzah! You can thank Ohio’s sweet job market and overall economy for that because in a newish study by LendingTree, Columbus and Cincinnati show big leaps in Millennial homeownership.

“Although millennials have been slow to the real estate market, the appeal of homeownership remains strong, and we’re beginning to see more activity with this generation.” stated Doug Lebda, CEO of LendingTree via a press release.

“While San Francisco millennials once again signed on for the highest average mortgage loan amount in the country ($528,761), the city also sees a relatively large percent of home loan requests coming from millennials (44.3%), underscoring the fact that San Francisco is home to both an abundance of top-earning young professionals and extremely high housing costs.

Millennials in Ohio are seeking the most affordable mortgages, with Toledo, Akron, Lakewood and Dayton claiming four of the top ten cities with the lowest average mortgage amounts for the age group. On the other hand, California is host to four of the ten cities with the highest average mortgage amount: San Francisco, San Jose, Los Angeles and San Diego.” They said in their press release.

Below is the full list with #15 belonging to our fair city.

The top cities in the list  include Pittsburgh, Washington, D.C., Des Moines, Boston and Saint Louis. Cincinnati also scored well in 7th place, and Cleveland suburb Lakewood landed in 14th place.

BROUGHT TO YOU BY