Today’s housing market presents some affordability challenges, particularly for younger home buyers. But despite those challenges, a new survey from the National Association of Realtors’ consumer website found Gen Z enthusiastic about buying and owning a home. In fact, 67 percent of surveyed adults between ages 18-and-27 said homeownership is an important life goal and 69 percent named it as an opportunity to build wealth. Today’s young Americans value homeownership and hope to one day buy a home – just like previous generations, but they’re also aware of market conditions and realistic about what it’ll take. Danielle Hale, chief economist for the website, says they’re focused. “They know affordability is a major hurdle, but they’re not giving up on the dream of owning a home,” Hale said. “Instead, they’re adapting, focusing on career growth, saving early, and being realistic about what they can afford.” (source)
