Move Over Millennials: Home-Buying Dreams of Gen Z Teens Revealed

In a survey of Generation Z — encompassing young people between the ages of 13 and 17 — Better Homes and Gardens Real Estate found that even while technology has given these teens instant access to everything from transportation to advice from friends, they are willing to forfeit modern luxuries to achieve the traditional notion of the American Dream. The poll results reveal that 82 percent believe homeownership is central to the American Dream; and 89 percent say it is part of their interpretation of the American Dream, followed by a college education (78 percent), marriage (71 percent), and starting a family (68 percent). Moreover, 97 percent of the teens surveyed are confident they will own a home; and 53 percent would give up social media for a year, 42 percent would go to school seven days per week, and 39 percent would take their parents to the prom if such sacrifices now would enable them to secure their ideal home down the road. “Today’s teens are fiscally literate and realistic when it comes to their future,” says Betters Homes and Gardens President and CEO Sherry Chris. “With such mature insights at such a young age, Gen Z could very well be primed to be the next great generation.” Among other findings, the survey indicated that today’s teens aspire to become homeowners by age 28; 95 percent will perform key home-buying steps online; 59 percent expect to seek an agent’s help in finding a home; 29 percent will video chat with agents; and 19 percent anticipate purchasing a home online. | Read More