Most Gen Zers, Millennials Aspiring to Own

The oldest members of Generation Z are nearly matching Millennials in their enthusiasm to buy a home within the next five years, according to new survey data.

By 2023, 87 percent of Millennials hope to buy a home, as do 83 percent of Gen Zers born between 1995 and 1999, according to Property Shark’s survey. The findings show not just when these groups want to buy, but where. About 40 percent of Millennials want to live in an urban area, as do 30 percent of Gen Z aspiring homebuyer respondents. Yet, 60 percent of Gen Zers want to move to the ‘burbs when they buy their first home. Their parents, Gen Xers, are heading out to the country, as 25 percent want to live in rural areas most, CBS News reports…read more