What Impact Will Gen Z Have on the Housing Market?
The Pro Builder
JULY 26, 2024
With home prices increasing 54% since 2019, it's become increasingly difficult for young people to afford homes. And according to GoBankingRates, high interest rates, low inventory, and elevated prices have deterred many young people, especially Generation Z, from prioritizing homeownership. Gen Z might pursue alternative homeownership models, such as co-buying with friends or house hacking (renting out part of their home).
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