02/29/2024

Millenials Can Afford to Become Homeowners–Just Not Where Many of Them Live

Millennials tend to gravitate to certain cities. They’re more likely to live in San Diego than Newark, in Austin than Cleveland, in Washington than Tampa. But these geographic patterns bode poorly for their homeownership prospects: Millennials make up a larger share of the population in many metropolitan areas where they’re least likely to afford the housing.

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