November 16th, 2015
The Share of Millennial mortgage holders in Des Moines, Iowa is 59%. More Millennials have been calling Des Moines home recently thanks to job growth and low home prices.
And that’s not the only place they’re hanging their hats. The lack of buying among first-time buyers in the wake of the economic crisis has had the industry biting its nails wondering if young adults would ever give up renting or move out of their parent’s basement. But now that they’ve finally reached the normal home-buying age, they’re jumping into the market.
“The No. 1 buying cohort has always been the 25-34 year olds,”
said Jonathan Smoke, chief economist for Realtor.com. Here are the top 10 markets where Millennials represented a large share of new mortgages, according to Realtor.com.