{"id":13636,"date":"2018-06-15T14:23:07","date_gmt":"2018-06-15T14:23:07","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=13636"},"modified":"2018-06-15T14:23:08","modified_gmt":"2018-06-15T14:23:08","slug":"gen-z-expected-to-make-big-splash-in-housing","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/gen-z-expected-to-make-big-splash-in-housing\/","title":{"rendered":"Gen Z Expected to Make Big Splash in Housing"},"content":{"rendered":"

Gen Z Expected to Make Big Splash in Housing<\/h1>\n
\"Gen<\/a>

Gen Z Expected to Make Big Splash in Housing<\/p><\/div>\n

Generation Z is still mostly comprised of kids, but analysts in the housing market are already expecting big things about this generation\u2019s future appetite for real estate.<\/p>\n

Generation Z, born in 1997 and beyond, is a cohort of about 65 million to 75 million who are expected to start buying homes on a large scale within five to 10 years. The oldest members of Gen Z are in their early 20s. Millennials are currently the largest group of homebuyers. But Gen Z is already showing some characteristics for being real estate savvy, bargain hunters, and tech lovers, likely\u00a0competing\u00a0for smaller and more affordable homes, real estate experts told realtor.com\u00ae.<\/p>\n

Gen Z is also showing signs of being more risk-averse and more financially savvy than millennials and Generation X. More than a tenth of them are already saving for retirement. Also, they\u2019re reportedly choosing less pricey colleges so they don\u2019t face a ton of student debt.<\/p>\n

\u201cThey grew up in the wake of the Great Recession. They saw what their parents went through and become more fiscally conservative as a result,\u201d says Chris Porter, chief demographer at John Burns Real Estate Consulting. \u201cThey know the value of saving and not living beyond their means. It was something ingrained in them at a very young age.\u201d<\/p>\n

Real estate experts predict that this generation will mostly shy away from large, expensive homes and show a preference for lower-priced, smaller homes to accommodate their likely smaller families.<\/p>\n

\u201cThey\u2019re not going to stretch to buy a house they can\u2019t afford, because that goes against everything they\u2019ve done up until this point,\u201d\u00a0Jason Dorsey,\u00a0president of the Center for Generational Kinetics, told realtor.com\u00ae. \u201cThey\u2019re going to be very worried about buying a home that might go down in value.\u201d<\/p>\n

Growing up watching home design shows on HGTV and DIY videos on YouTube, they may be more willing to buy fixer-uppers too, Porter notes.<\/p>\n

Technology and social media will have a big influence on this generation\u2019s spending habits. They\u2019ll likely turn to social media for guidance on where to live, according to a new report from Accenture, a management consulting firm.<\/p>\n

\u201cOur research shows that social media has a significantly greater impact on Gen Z shopper purchasing behaviors,\u201d\u00a0according to the report. \u201cThis younger generation [is] expressing a greater willingness to buy products and services via those channels.\u201d<\/p>\n

Source: \u201cBeyond Millennials: Generation Z Buyers Are Poised to Upend the Housing Market<\/a>,\u201d realtor.com\u00ae (June 14, 2018)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Gen Z Expected to Make Big Splash in Housing Generation Z is still mostly comprised of kids, but analysts in the housing market are already expecting big things about this generation\u2019s future appetite for real estate. Generation Z, born in 1997 and beyond, is a cohort of about 65 million to 75 million who are … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-13636","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nGen Z Expected to Make Big Splash in Housing - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/gen-z-expected-to-make-big-splash-in-housing\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/gen-z-expected-to-make-big-splash-in-housing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/gen-z-expected-to-make-big-splash-in-housing\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Gen Z Expected to Make Big Splash in Housing\",\"datePublished\":\"2018-06-15T14:23:07+00:00\",\"dateModified\":\"2018-06-15T14:23:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/gen-z-expected-to-make-big-splash-in-housing\\\/\"},\"wordCount\":449,\"publisher\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/gen-z-expected-to-make-big-splash-in-housing\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2018\\\/06\\\/06152018.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/gen-z-expected-to-make-big-splash-in-housing\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/gen-z-expected-to-make-big-splash-in-housing\\\/\",\"name\":\"Gen Z Expected to Make Big Splash in Housing - 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