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Here Comes Generation Z: The Next Generation Of Homebuyers!

You’ve likely heard a ton about Millennials, but what about Gen Z? 
In the next 5 years, this generation will be between the ages of 23 and 28, and they’re eager to become homeowners faster than you may think.
According to realtor.com, “Nearly 80 percent of Generation Z members say they want to own a home before age 30,” and Concentrix Analytics said, “52% of prospective Gen Z buyers are already saving to buy a home.”
The report from Concentrix goes a little deeper on Gen Z, identifying the main reasons they want to own homes: 55% want to own a home because they want to start a family47% want to build wealth over time33% want to make their family proud Although they’re eager to buy, this generation also perceives a few challenges ahead: 66% believe saving for a down payment and closing costs will be challenging58% feel covering the monthly costs of owning may be difficult52% perceive a lack of knowledge about where to start It is also interesting to note that 21% of Gen Zers think thei…

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