Housing Market: Gen-Z homebuyers are flocking to these 3 cities

Gen Z is becoming old enough to buy houses, and that generation is flocking to more affordable cities and avoiding the expensive coasts.

This group, born between 1997 and 2012, accounted for an average of 14.91% of potential homebuyers in the 50 largest US metro areas in the 12 months through December 31, 2022, according to aSalt Lake City had the largest share of mortgage requests from Gen Zers at 22.59%, the analysis found. A strong local jobs market and a blend of urban and rural amenities make it a hot spot.

Meanwhile, San Francisco saw the smallest proportion of mortgage requests by Gen Zers at 7.76%, LendingTree said.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US housing market sees worst inventory shortage in a decade amid high ratesThe housing market is seeing its worst inventory shortage in over a decade as high rates trap homeowners and slow the spring homebuying rush
Source: BusinessInsider - 🏆 729. / 51 Read more »

Housing market suggests the US economy dodged the recession bulletThe housing market suggests that the US economy dodged the recession bullet and is poised for more growth ahead
Source: BusinessInsider - 🏆 729. / 51 Read more »

California must deregulate the housing market to tackle homelessnessIf much of life remains a mystery, it would also seem that there are sure things in this world about which there is broad agreement.
Source: ladailynews - 🏆 332. / 59 Read more »

4 Reasons Why No Housing Market Crash is Coming, According to HarvardForget about a housing market crash, Harvard researchers say. Here are the 4 reasons they say a repeat of the mid-2000s drop in home prices is unlikely.
Source: BusinessInsider - 🏆 729. / 51 Read more »