From Bank of America:
Latest Homebuyer Insights Report finds a majority of prospective homebuyers between the ages of 18 and 23 want to buy in the next five years, meaning they'd own before the age of 30.
The latest report also found that more than half of Gen Z has already started saving for a home, perhaps motivated by current homeowners of all ages who say the satisfaction of owning a home outweighs the challenges.
Prospective Gen Z homebuyers want to own and have started to save
A majority of prospective Gen Z homebuyers between the ages of 18 and 23 want to buy within the next five years, and more than half are already saving for a home.