Mar 18, 2025 - News
Gen Z breaks into the home market
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Gen Zers accounted for 9.62% of Charlotte's home purchase applications in 2024, new data shows.
Why it matters: High housing costs and a supply crunch have made it harder, especially for younger people, to become homeowners.
The big picture: Gen Z represented 13% of U.S. home mortgage applications in 2024, up from 10% in 2023, according to an analysis by CoreLogic, an industry data provider.
- Relatively affordable parts of the Midwest and South saw the highest Gen Z shares, while pricey coastal metros lagged behind.