Last I saw/heard, multitudes were moving to the Carolina’s, Florida, SC, Texas and Oregon.
Most of this is north of the Mason-Dixon line. Pendulum swinging the other way?
I would love to see analysis in to the choices these 20 somethings have made in regards to college and work. I would predict the buyers are engineering majors, architect types, or skipped college all together and learned trades like plumbing or machining judging by the locations. I also suspect they have young families and go to church. I don’t picture BLM activists and social studies majors are buying.
Bought my first house at 29 for $40,000. River front which turned out to be one of the hottest markets in the country. 4 years after the city “condemned” it under eminent domain for a park. OOPS. Turned out they didn’t really ‘want’ it for a park after all and sold it for a huge huge profit to privateers. That happened right when the bubble was inflating so there was no way I could afford anything in town for what they gave me so away I went. Hooray for government.
I hope none of these first time home buyers have to go through that.
Those are serious down payments.
And $1,480 for the average mortgage payment in Chicago? I thought that would cover real estate taxes and insurance escrow, but not the P&I. Again, without the purchase price these are a lot of statistics. One step above statistics assembled by somebody looking for a government grant.