A recent survey finds members of Generation Z, which encompasses those born between the mid-90s and early 2000s, are thinking about homeownership. The majority of Gen Z surveyed cited student loan debt as their biggest obstacle to owning a home.
Teke Wiggin | Inman
Much of Generation Z, generally defined as Americans born between the mid-90s and early 2000s, were grade-schoolers when the housing meltdown swept millions from their homes and vaporized the wealth of many more.
So, presumably, much of this cohort was at least somewhat oblivious to the carnage. Perhaps it should come as no surprise, then, that Generation Z is more optimistic about homeownership than millennials, according to a survey by PropertyShark, a property report provider.
A whopping 83 percent of Generation Z, the oldest of whom PropertySharks said are no more than 23, plan to purchase homes in the next five years, suggesting that Zers could pose significant competition to millennial homebuyers, and also that they may suffer from a high rate of Instagram-fueled naivete.
To read the full article, click here: Generation Z zones in on housing