EXCERPT: “While Millennials continue to compete for available housing inventory, which remains tight, Ellie Mae data showed that Millennials are attracted to more affordable real estate markets, particularly in the upper Midwest. According to data from the May Ellie Mae Millennial Tracker™, Hutchinson, Minn., Wahpeton, N.D.-Minn., Austin, Minn. and Williston, N.D. had the highest percentages of loans being made to Millennial borrowers . . . ‘Our data shows that Millennials are continuing to establish roots where housing is more affordable and there are increasingly more jobs,’ said Joe Tyrrell, executive vice president of corporate strategy for Ellie Mae. ‘While overall, less than half (48 percent) of Millennials who closed loans in May were single, in markets like Hutchinson, Minn., the majority of borrowers were single men. This suggests millennials may be embracing homeownership in these areas for reasons other than what we have historically seen, which was family formation.'” FULLSTORY: http://bit.ly/2tJ0f8V