It would be a no-brainer to think that millennials would want toflock to the Big City — NYC or LA — or some other largehip and happening city like Austin, Texas or Denver, Colorado.
|But when they want to start settling down, many are opting forthe quieter life — but where there are still plenty of careeropportunities.
|At least that's one of the main take-aways from Ellie Mae's mostrecent list of the cities where millennial borrowers representedthe highest percentage of homebuyers, shown on its Millennial Tracker.
|Related: Update on homeowners' insurance market
The list is based on the percentage of closed home loans bymillennial borrowers born between the years 1980 and 1999, whichwere initiated by Ellie Mae's Encompass all-in-one mortgagemanagement solution. The most recent list draws upon the latestdata available, from July 1 through September 30 (new data isupdated on the first Monday of every month for two monthsprior).
|Aboe are the top 10 cities on Ellie Mae's list, with a littleinsight as to why these cities might appeal to young adults, suchas major employers and attractions that can enhance the quality oflife in these locales.
|Related: Thinking millennial: How to woo the largestgeneration
|Katie Kuehner-Hebert ([email protected]) is an award-winningfreelance journalist.
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