San Diego Millennials Struggle to Buy Homes

San Diego has the second largest millennial population in the U.S.  However, San Diego’s exceptionally high millennial unemployment rate, combined with its exceptionally high average mortgage amounts of $365,000, results in these millennials being among the least likely in the country to purchase homes.  The online lender, Lending Tree, analyzed mortgage requests over the past year and found only 36.9% of requests came from those under 35, the fifth-lowest out of the largest 59 cities in the country.