Sunday, October 12, 2014

Best cities for Millennial home buyers

Salt Lake City

The Utah Arts Festival takes place every June in downtown Salt Lake City

  • Median home price: $233,000
  • Job growth: 2.4%
Salt Lake City isn't just an outdoor enthusiast's dream, it's also a prime spot for those looking for work.
Unemployment is below 4% and demand for workers is helping to boost wages.
Fields where growth is expected to be most robust include information technology and professional and business services, such as legal, accounting and design services, according to Utah's Economic Development Corporation, a public/private partnership.
The city also ranked number one in a Harvard study of upward mobility, surpassing Silicon Valley havens like San Jose and San Francisco, as well as Boston and New York.
So even though median home prices -- at $233,000 -- are 20% higher than the national median, most first-time buyers are able to afford a home.

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