Redfin, Seattle, found that homeownership rates for Gen Z and millennials were stagnant in 2024.
Tag: Gen Z
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.
Millennials, Gen Z Continue to Lag Behind in Homeownership
Millennials and Gen Z—the most underrepresented cohorts in homeownership—continue to lag behind after nearly two years into the coronavirus pandemic, according to a survey by PropertyShark, New York.
(Sponsored Content) Are Today’s Mortgage Servicers Ready for Gen Z?
Generation Z is beginning to enter the housing market and pay mortgages of their own. In order to prepare, servicers must address their unique needs.