Generation Z Seeks Diverse Neighborhoods in Homebuying Decisions
AUSTIN, Texas, June 25, 2019 /PRNewswire/ -- Generation Z, 18- to 24-year-olds who are entering the age bracket for first-time homebuying, is the first generation in American history with a preference forbuying homes in culturallydiverse neighborhoods, according to arecent Homes.com survey.
- AUSTIN, Texas, June 25, 2019 /PRNewswire/ -- Generation Z, 18- to 24-year-olds who are entering the age bracket for first-time homebuying, is the first generation in American history with a preference forbuying homes in culturallydiverse neighborhoods, according to arecent Homes.com survey.
- Polling more than 1,000 young adults in the Gen Z age bracket, thesurvey is the first to examine how Generation Z and millennial habits differ across several facets of homebuying.
- The survey found that 58% of future Gen Z homebuyers prefer a diverse community compared to 12% who prefer a homogeneous neighborhood.
- "Generation Z is more multicultural than ever before, with demographics that include the largest percentage of Hispanics and non-Hispanic blacks at 22% and 15%, respectively.