The Cities Where Millennials Are Taking Over the Housing Market
Hint: Not in the most expensive cities.
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Millennials are dominating the Des Moines housing market. That’s an odd piece of information that seems a little less odd—and a little more important—the longer you ponder it.
Roughly 60 percent of borrowers who used a mortgage to buy a home in Iowa’s capital city during the first half of 2015 were aged 25 to 34, according to data from Realtor.com. That compares with a national average of 37 percent, and makes Des Moines the most millennial-friendly city in the U.S. Here’s the rest of the top 10.