Tag Archives: Gen Z

Like the generation that precedes them, members of Gen Z are concerned about affordability, according to a new Point2 study, which revealed the cities and regions where the youngest Americans have the best chance of achieving homeownership.

In 2023, Redfin found that Gen Zers were tracking ahead of where their parents were at the same age, but their homeownership rates still trailed behind compared to those of previous generations.

Empty-nest baby boomers own twice as many large U.S. homes as millennial parents living with children, a new Redfin report showed, as nearly half of all boomers are now living mortgage-free, with no motivation to sell in such a volatile market.

While mortgage rates have moderated, housing market challenges such as affordability and rising home prices continue to hinder homebuyers nationwide.

Only 11% of Millennials moved during the 2023 calendar year, as Gen Z changed locations more than every other generation by a wide margin according to a new year-end report.

Millennials outweigh Gen Zers in terms of population, but not when it comes to renter households, according to a new report from the Joint Center for Housing Studies. Daniel McCue, Senior Research Associate, reveals the future of rental housing demand and projects the number of renter households both generations will add over the next decade.

A growing number of millennials do not believe they will ever afford to own a home as they try to battle a confluence of adverse market conditions.

While homebuyers nationwide continue to struggle with the inflated cost of living and high home prices, a new survey from Arrived revealed an estimated 87.2% of Gen Zers said homeownership is important when building wealth. About 65% cite financial security and stability as the top two reasons why they want to own a home.

Most property managers are not reporting payments to the three credit bureaus, and a survey found that reporting this data would likely boost on-time payments as well.

The most recent iteration of the BMO Real Financial Progress Index revealed a number of new information including that over 65% of Americans are waiting on mortgage rates to drop before buying a home in today’s market.