Clever Real Estate, St. Louis, Mo., released a new study delving into Gen Z’s feelings about homeownership, finding 79% believe they are priced out completely.
Tag: Gen Z
Redfin: Almost One-Quarter of Young Buyers Used Gift or Inheritance in Down Payment
Redfin, Seattle, released a new study finding that 23.8% of Gen Z or millennials who recently bought a home used some form of family money to help fund their down payment.
Gen Z, Millennial Homeownership Rates Flat in 2024, Redfin Finds
Redfin, Seattle, found that homeownership rates for Gen Z and millennials were stagnant in 2024.
LendingTree: Young Homeowners Underrepresented in Largest Metros
LendingTree, Charlotte, N.C., released a new study finding that only 3.1% of Americans under 30 have a mortgage in the 50 largest U.S. metro areas.
Jason Dorsey on the Strengths, Trials of a Multigenerational Industry
DALLAS–Housing and mortgage banking is one “of the only industries that ultimately serves every generation,” said Jason Dorsey, a generational researcher and President of the Center for Generational Kinetics, at the Mortgage Bankers Association’s 2025 Servicing Solutions Conference & Expo.
CardRates: Many Young Americans Spending Significantly on Housing
CardRates, Gainesville, Fla., released a survey of millennial and Gen Z Americans, finding 76.32% of respondents are spending more than 31% of their monthly income on housing.
Clever Real Estate: 98% of Gen Z Sees Significant Barriers to Home Ownership
Clever Real Estate, St. Louis, found that 60% of Gen Z worries they will never own a home.
Gen Z to Spend $145,000 on Rent by 30, RentCafe Finds
An average member of Generation Z will spend $145,000 on rent by their 30th birthday, RentCafe, Santa Barbara, Calif., found, noting millennials spent $127,000 during that period of their lives (14% less).
ServiceLink: Millennial, Gen Z Interest in Homebuying High
ServiceLink, Pittsburgh, released its latest State of Homebuying Report, highlighting significant interest in homebuying from the millennial and Gen Z generations.
Inflation Hitting Millennial, Gen Z Renters Harder than Others
Millennials who took on a new rental lease in July saw their overall cost of goods and services increase 11.6% year over year, substantially higher than 8.5% for the U.S. population as a whole, said Redfin, Seattle.