Millennials Make Up Majority of Potential Homebuyers in Nation’s Largest Metros: Data
Originally published by Jacob Channel on February 6,2023 for LendingTree.
Though it may sometimes seem as if millennials are destined to rent or live in their parent’s basements forever, they make up the largest share of homebuyers in the U.S., surpassing older (and richer) generations. In fact, millennials have dominated the housing market for the past decade.
To highlight where millennials are looking to buy, LendingTree analyzed mortgage offers for users of the LendingTree platform across the nation’s 50 largest metros from Jan. 1 through Dec. 31, 2022.
Millennials (born between 1981 and 1996, or ages 26 to 41 in 2022) make up a majority of potential homebuyers in most of the country’s largest metros, including pricey areas like San Jose, Calif., Denver and Boston.