The ten cities with the most percentage of Millennials taking out mortgages, are: Des Moines has low home prices and job growth, making it one of the destinations for Millennials, followed by Provo, Utah, which has a strong tech growth, according to Realtor. With statistics based on where Millennials represent a large share of mortgages, Baton Rouge, Louisiana has a large university with strong job growth and is another bustling city.
Pittsburgh has done well despite the economic downturn changing its focus from manufacturing to technology and health care. Lafayette, Louisiana registered a FICO score of 714 among Millennials. Grand Rapids, MI has a burgeoning tech market. Madison, WI is another city with a large university, a definite attraction for Millennials. Clarksville, TN, New Orleans and Shreveport, LA round out the top ten.
Convincing them to form a cooperative manufactured home community could be a hard ROC job. ##
(Photo credit: chronicle.augusta–Millennials with manufactured home.
