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\nGeneration Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they\u2019re turning to homeownership<\/a>. According to the latest Home Buyers and Sellers Generational Trends Report<\/em><\/a> from the National Association of Realtors<\/em> (NAR), 30% of Gen Z buyers transitioned straight from living under their parents\u2019 roofs to owning their own homes.<\/p>\n If you\u2019re a member of this generation, and you\u2019re interested in pursuing your own dream of homeownership<\/a>, here\u2019s some information you may find helpful on why and where your peers are buying.<\/p>\n A recent survey by Rocket Mortgage<\/em> identifies<\/a> some of the top motivators<\/a> driving Gen Z buyers to purchase a home:<\/p>\n \u201c<\/em>Of those surveyed, <\/em>34% said that starting or growing their family was their main motivation<\/em><\/strong> to buy a home. . . .<\/em> <\/em>Along with growing a family comes establishing a home base.\u201d <\/em><\/p><\/blockquote>\n Another key reason the survey says Gen Z wants to buy is because homeownership<\/a> can give them more stability (20.8%). That\u2019s because buying a home allows you to stabilize what\u2019s typically your biggest monthly expense: your housing cost.<\/p>\n When you have a fixed-rate mortgage on your home, you can lock in your monthly payment for the duration of your loan, often 15 to 30 years. If you keep renting, you don\u2019t have that same benefit, and you won\u2019t be protected from rising housing costs.<\/p>\n So, if you\u2019re ready to start a new chapter in your life or if you\u2019re craving more stability<\/a>, know that your peers feel the same way, and those motivators are why they\u2019re turning to homeownership<\/a>.<\/p>\n If those reasons have you feeling ready to buy, here\u2019s some information on where<\/a> your peers are finding their homes that could help you with your search<\/a>. According to a recent Lending Tree<\/em> survey<\/a>, Gen Z buyers are focusing on more affordable areas to help boost their buying power and offset the challenges that come with today\u2019s mortgage rates<\/a>.<\/p>\n Many Gen Z buyers still want the convenience and excitement of city life, but also value the affordability, open air, and space more suburban areas offer. Jacob Channel, Senior Economist at LendingTree<\/em>, explains<\/a>:<\/p>\n \u201c. . . they want to live in a city, but they also want to be close to nature<\/em>.\u201d<\/p><\/blockquote>\n Locating a home that offers both of those things requires expertise. Working with a trusted real estate professional<\/a> can help you find a home in your budget and desired area. Your agent will know the most affordable neighborhoods to search in. They can also highlight the amenities and features that location offers and how those are aligned with your goals<\/a>. They\u2019ll also be able to walk you through how things like remote work<\/a> can help you cast a broader net for your search<\/a>.\u00a0<\/p>\n If you\u2019re a member of Gen Z and are just getting started on your homebuying journey, or if you want to learn more about the process, it\u2019s important to connect with a trusted real estate agent. Their expertise will guide you to a home that fits both your lifestyle and your budget.<\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":" Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they\u2019re turning to homeownership. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), 30% of Gen Z buyers transitioned straight from living under their parents\u2019 roofs to […]<\/p>\n","protected":false},"author":1,"featured_media":4179,"comment_status":"registered_only","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-4178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-insight","tag-idaho-real-estate","tag-north-idaho-homes","tag-rain-silverhawk","tag-real-estate","tag-sandpoint-idaho"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\tThe Reasons Gen Z Want To Become Homeowners<\/strong><\/h4>\n
Gen Z\u2019s Next Stop: Where Are They Making Their Moves?<\/strong><\/h4>\n
Bottom Line<\/h3>\n