How Gen Z Is Buying Homes

Generation Z is starting to look at home buying, and they have their own way of doing it, according to the AZ Big Media website:

Buying Online: Sixty-seven percent would consider buying a home through an online service or app, compared to 39% of millennials.

Spending Less: The median price of an existing home is $360K (USD), but Gen Z say they are only willing to spend $150K-$250K (USD).

Changing Lifestyles: The number one reason Gen Z would choose to buy a home is a lifestyle change, with 46% citing a new job, a growing family, or relocation.


No comments

Post Your Comment:

Your email will not be published
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.