Gen Z Set To Enter The Housing Market In A Major Way
In generations past, many young people have waited to purchase real estate—but Gen Z is having none of that.
According to the 2019 Spring Homebuyers Insight Report from Bank of America, 59% of people surveyed between the ages of 18 and 23 (also known as Gen Z) said they plan to buy a home within the next five years, which would make them homeowners before the age of 30. And while many Gen Z-ers will rely at least in part on financial support from their families (36% said their parents or other family members would provide financial health), more than half have already started saving for their home.
Generation Z is poised to become one of the youngest generation of homeowners in history. So whether you just graduated from college (or high school!), it’s never too early to start saving to make your dream of homeownership a reality.