More Gen Zers are achieving a dream that was largely out of reach for millennials when they were young: They're homeowners
Gen Zers may be the new kids on the block, but when it comes to home buying they are coming out on top.
"It has a lot to do with the timing of when Gen Z entered the labor market versus when millennials did," Fairweather said. Due to the economic headwinds of the 2008 recession, millennials had a much more difficult time establishing themselves financially early in their careers compared to their younger counterparts, she said.born between
To be sure, Gen Zers have hurdles to homeownership including the severe shortage of available homes and steep student debt, Redfin noted in its report. But overall, Gen Z is taking the real estate market head on.in Laurel, Maryland, in 2022, not long after graduating with her MBA.
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