Gen Z is Taking Over the Housing Market: The New Homebuyer Wave!

"Gen Z is Taking Over the Housing Market: The New Homebuyer Wave!"

Recent data shows Gen Z (born 1997-2012) is quickly stepping into the housing market. CoreLogic reports that in 2024, Gen Z made up 13% of mortgage applications, up from 10% in 2023—indicating a strong rise in activity!

A survey from ServiceLink also found that 67% of Gen Z plans to buy a home by 2025, surpassing millennials (51%) and Gen X (49%). However, challenges remain: an IPX1031 report shows that 47% of people, including 18% of Gen Z, can’t afford to buy a home in 2025 due to high prices and interest rates.

Despite the hurdles, this generation is still determined to make homeownership a reality. Gen Z isn’t just owning the workplace—they’re set to dominate the housing market too!

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