July 6th, 2016

Where Does Your City Rank on the Regional Mortgage Debt Map?

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It is no secret that the price tag for owning a home varies wildly in different parts of the country. Even within the regional patterns, neighboring states have their own housing markets and average prices in the cities within those states can range from the highest to the lowest extreme within 100 miles of each other.

Credit Karma examined at the average mortgage debt for individuals from our 60 million membership who visited our site in the last year to find the cities in each region that carry the greatest and smallest debt burden for owning the title to home sweet home*. Mortgage size and affordability can depend on a number of factors, including size of down payment, interest rate, how much principal has been paid off, income opportunities and living expenses. They are, however an indication of what prospective homeowners can expect from the market. Here is what we found:

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June 21st, 2016

Everything You Thought You Knew About Millennials May Be Wrong

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A new survey by Credit Karma finds that contrary to trending criticisms, young people really are interested in “adulting” in pretty traditional ways. They are getting married and buying homes and cars in large numbers.

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November 5th, 2015

The 10 Most Affordable Cities For Millennials to Buy a Home

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Owning a home is a hallmark of American life. People often chase the ideal of having a house, a vehicle and a grill they can use during cookouts with friendly neighbors. There’s just one problem, according to Zillow home prices have been rising steadily since 2012, with many buyers also held back by stricter lending standards in the market since the housing crash in 2007.

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October 22nd, 2015

The Spirit is Still Willing: Millennial Attitudes to Home Buying in 2015

It’s a well hashed-out narrative in the media today, which deepens with every new home sales report: the average age of first-time homebuyers is rising as Millennials face several obstacles in their path to home ownership.

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August 14th, 2015

15 US Cities With the Highest Amount of Mortgages

Want to own a home? You may want to ditch the big city. We consulted our data to find the US cities where the highest percentage of Credit Karma members had mortgages, and small cities dominated. Of the top 15 cities, none had more than 250,000 residents, and all but three had less than 200,000.

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August 6th, 2015

15 US Cities With the Lowest Average Mortgage

Where the US cities with the highest average mortgages were all out west, the 15 cities where Credit Karma members had the lowest average mortgage according to our data* spread all over the country: the Midwest, South and Northeast.

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July 30th, 2015

15 US Cities With the Highest Average Mortgage

If you’re thinking about buying property in California, you might need to see how deep your pockets go. While the Golden State is known for its beaches and endless summers, it’s also home to some of the priciest real estate in the country.

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February 4th, 2015

2/3 How Millennials Can Buy a Home Tweetchat Recap

Tweetchat How Millennials Can Buy a Home (Recap!)

Learn how Millennials can buy a home while they're still young with Lauren Bowling of L Bee and the Money Tree!

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August 1st, 2014

Foreclosures Have Fallen Sharply Over the Last Few Years

Foreclosures Have Fallen Sharply Over the Last Few Years

Recent news about the state of the housing market is good, but not great. One big, positive takeaway, though, is the sharp decrease in foreclosures and, correspondingly, in “distressed” housing sales.

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July 3rd, 2014

Infographic: Home Mortgage Averages

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In honor of the start of summer, we decided to make the housing market the subject of our latest infographic. Check it out for details on average mortgage sizes and a glimpse at how widely the market can vary based on region.

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Editorial Disclaimer: Content on the Credit Karma Blog is for entertainment and information purposes only. The opinions expressed on the blog are those of the authors themselves, and not necessarily Credit Karma or its affiliates. However, Credit Karma may be compensated by companies mentioned in the Credit Karma Blog through advertising, affiliate programs or otherwise. It is this compensation that enables Credit Karma to provide its members with services like free access to your credit scores and free monitoring of credit and financial accounts at no charge.

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