Wednesday, January 26, 2022 / by Raj Jaggi
Next Generation of Homebuyers Are Here!
Here are a few reasons to consider buying a home this year as you begin your journey and plan your next move.
Why Does Gen Z Want To Become Homeowners?
According to realtor.com research, while the overwhelming majority of Gen Z has yet to enter the housing market, a sizable percentage plans to do so in the near future. According to the study, 72% of Gen Z would prefer to buy a home than rent for the long run. As George Ratiu, Realtor.com's Manager of Economic Research, puts it:
“With nearly three-quarters of those surveyed preferring to buy versus renting long-term, the housing industry should be prepared for millions of Gen Z buyers to bring a new wave of demand ...