Gen Z

Right now, it is difficult for people to purchase a house. Prices are very high, inventory remains at record low levels, and this is contributing to bidding wars. Even though everyone is having a hard time finding a house, Millennials and Gen Z buyers are struggling more than other people. What are some of the biggest hurdles that these buyers need to overcome?  A Lack Of Familiarity One of the first problems that Millennials and Gen Z buyers have to overcome is a tremendous lack of familiarity with the housing market. Many people that fall into this category are buying…

Although the majority of the Generation Z population make $25,000 or less per year, they really have embraced the American Dream of home ownership. According to a recent survey by Zillow, 97 percent of Gen Z renters asked were confident they will be homeowners in the future, whereas only 55 percent of Millennials were 82 percent of Gen Zers who were renting identified home ownership as the most important component of the American Dream -- more than Millennials, even though that group is presently the largest segment of homebuyers, according to data from the National Association of Realtors. So Who Exactly Are Generation Z? While…