PropertyShark recently surveyed 2,134 U.S. renters, homeowners, and people living with family to determine their housing preferences. They discovered that 83% of Gen Z has plans to purchase a home in the next 5 years. Who is Gen Z? Typically people born since 1998 or 2000. About a third of both Millennials and Gen Z’s expect to pay more than $50k for a down payment. They need to know the truth.
Whereas Millennials strongly prefer certain locations, the next generation finds more space and amenities crucial for them.