THE BIG FINISH
WRAP YOUR HEAD AROUND THE MARKET'S LEADING INDICATORS
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WHICH COMES FIRST, THE MORTGAGE OR THE HOME?
In San Francisco, it's the mortgage for the most part. Stellar
credit and a pre-approved mortgage are two factors that can
help homebuyers land their dream home. A January 2018
study by LendingTree used this criteria to rank the largest
American cities on the basis of how competitive they were.
LendingTree looked at 1.5 million purchase mortgage loan
requests and then ranked each city based on the share of
buyers shopping for a mortgage before identifying the house
they want and the percentage of buyers who have prime
credit above 680.
Here's how the stats break down for the 20 American cities
with the most competitive homebuyers.
Source: LendingTree January 2018 blog post "LendingTree Ranks Most Competitive Housing Markets"
TOP 20 CITIES WITH THE MOST COMPETITIVE HOMEBUYERS
RANK CITY
% BUYERS SHOPPING FOR A
MORTGAGE BEFORE IDENTIFYING
HOUSE
% OF BUYERS
WHO HAVE PRIME CREDIT
1 SAN FRANCISCO, CALIFORNIA 60 63
2 SAN JOSE, CALIFORNIA 59 64
3 DENVER, COLORADO 65 56
4 SAN DIEGO, CALIFORNIA 61 57
5 VENTURA, CALIFORNIA 60 57
6 LOS ANGELES, CALIFORNIA 62 52
7 SEATTLE, WASHINGTON 62 55
8 HONOLULU, HAWAII 58 59
9 PORTLAND, OREGON 63 54
10 SACRAMENTO, CALIFORNIA 63 49
11 BOSTON, MASSACHUSETTS 57 57
12 BOISE, IDAHO 61 49
13 PHOENIX, ARIZONA 60 50
14 MADISON, WISCONSIN 58 54
15 LAS VEGAS, NEVADA 62 49
16 MINNEAPOLIS, MINNESOTA 59 54
17 AUSTIN, TEXAS 56 53
18 MIAMI, FLORIDA 58 48
19 SARASOTA, FLORIDA 53 57
20 WASHINGTON, D.C. 57 55
