The Next Generation of Homebuyers Is Here

Many members of Gen Z are aging into adulthood and deciding whether to rent or buy a home. If you find yourself in this group, it’s important to understand you’re never too young to start thinking about homeownership. The sooner you start planning, the sooner you can move on from renting. As you set off on your journey and plan your next move, here are a few reasons to think about homebuying this year.

While the majority of Gen Z haven’t entered the housing market yet, a large portion plan to according to a realtor.com report. The report found that 72% of Gen Z would rather purchase a home than rent long-term. But why do so many members of Gen Z value homeownership? According to NAR, young homebuyers – more than any other age group – want to become homeowners because they want to have a place of their very own. That may be because one of the biggest benefits of homeownership is having a place that you can truly make your own by customizing it to your style and personality. Not to mention, owning a home provides much greater long-term stability and security than renting.

Whether you’re just getting started on your homebuying journey, you want to learn more about the process, or you’re fully committed to buying your first home this year, it’s especially important to connect with a trusted real estate advisor soon, as you won’t be the only first-time buyer in the market.

If you’re planning your next move, you’re not alone. Just know it’s never too early to consider the benefits of homeownership over renting. To learn more, DM me so you have a trusted professional on your side to help you explore your options.

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