Phoenix ranks low among millennials buying homes

New home with sold stamped across the for sale sign in yard
Posted at 8:36 AM, Jan 14, 2020
and last updated 2020-01-14 10:36:46-05

Phoenix has a hot housing market, but it's lagging among one of the largest potential demographics.

Millennials, those people born between roughly 1981 and 1997, made up less of the home buying market in Phoenix than nearly all of the 50 largest U.S. metro areas, according to a report by Lendingtree.

The report looked at new purchase mortgage requests made between January and November 2019.

In that time frame, Phoenix ranked No. 45 out of the 50 metros.

Read more from the Phoenix Business Journal.