Who are Generation Z and Could They Reshape Real Estate?

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Who are Generation Z and Could They Reshape Real Estate?

Generation Z is comprised of teens currently aged 13 – 17. This is a generation whose entire world and self-views are crafted by technology, immediate access. According

To the survey, ninety-seven percent of about 1,000 Gen Z  believe they’ll own a home in their lifetime. And four out of five say that homeownership is the most important factor in achieving the American Dream.

“They recognize that homeownership is a sound investment and believe that it is more secure than the stock market.”

While still in their teens, Generation Z still says they’d make big sacrificesd to achieve homeownership: 53% say they’d be willing to give up social media for a year if it meant getting their ideal home in the future. They’d also be willing to complete twice as much homework every night, go to school seven days a week and even take their Mom and Dad to prom for the sake of owning a home.

Before they’ll be ready to purchase their first home, Generation Z teens say they plan to reach certain milestones in life first, like earning an advanced college degree, getting married, owning a pet and having children.

Forty seven percent say their future home will likely be located in a suburban neighborhood. They also want to stay near where they grew up, but only 17% believe their ideal home would be located in the same city or town.

Their gravitation to the digital world will likely have a huge impact on how they shop for homes. Searching on line to view home listings and taking virtual tours will be top behaviors. But they’ll still likely call on a Real Estate Agents for help.

 

Real Estate in Cape Coral/Fort Myers will work for you!  So will I!

 

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Awesome Service: I make dreams come true. I am a Real Estate Consultant. I place great value on the needs, expectations and goals of all my clients whether buying or selling. By helping they find their perfect solution. I will truly listen to you. I have 33+ years experience in all phases of real estate. I am a Loan Modification Specialist, a Short Sale Expert, and a Successful Negotiator. A certified Senior Real Estate Specialist. Former Owner/Broker of A & B Mortgage Brokers of Fl. Plus a former Appraiser. A Professional Realtor. This experience and knowledge gives me the confidence to advise you correctly. I want you to have an Awesome Experience so you will recommend me to all the people you care about. After all, a referral is sending someone you care about to someone you respect.

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