Generation Z Enters the Housing Market

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Generation Z might be sneaking up on us but mark our words, they will not be ignored.  We have had a few posts about this rising cohort and now we’re starting to see them enter the housing market.   A recent report by Realtor.com looks at recent mortgage origination data to give us a snapshot of each generation’s share of homebuying.  There is a lot of good data in this report including a list of the largest 100 metros, ranked by Generation Z’s Home Loan Origination Share.

Some takeaways

  • The Generation Z share of primary home loan originations is about 2%
  • The median price of a home purchased by Generation Z buyers is $160,600
  • Generation Z is putting and average of 5% down on their home purchases
  • Top markets for Generation Z home shoppers are smaller midwestern and southern markets

Click here to read the full report at Realtor.com.

 

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Director of Education & Outreach, National Real Estate Investors Association

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