Knock, a digital homeownership platform, today released its ranking of the best housing markets by generation in 2022. Austin, Texas, ranks No. 1 for Millennials, while Miami is the best market for Gen X, and Pittsburgh tops the list for Baby Boomers. Austin and Knoxville, Tennessee, are the only metros to make two lists.
Sean Black, co-founder and CEO of Knock said, “Although we do expect the housing market to moderate in 2022, home buyers will continue to face many of the same challenges they did last year. Rising interest rates will offset any relief buyers get from slowing home price growth.”
He added, “The good news is the rise in remote work has given many people the freedom to rethink where they want to live, opening up options for those willing to explore new cities that offer relative affordability, growing economies and access to the amenities important to them.”
To compile the list of top markets, Knock ranked the nation’s 100 largest metropolitan areas based on affordability, the availability of housing stock and key attributes important at each stage of life.