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Move Over Millennials, Gen Z is Ready for Homeownership; Mortgage Profits Surge

Move Over Millennials, Gen Z is Ready for Homeownership; Mortgage Profits Surge

Apparently it is time to shift our total attention from the Millennial generation. A new survey from Freddie Mac introduces the housing hopes and dreams of its successor - Generation Z. This group, defined as those Americans who are now aged 14 to 33, is smaller than the massive cohort that preceded them, partially because the generation is defined narrowly as those born over a ten-year span as opposed to the usual 15-year definition, 1981 to 1996, of Millennials. The survey was conducted online last summer with 1,531 members of Generation Z. Two-thirds of the sample, which contained both Hispanic and African American respondents and was available in Spanish, was recruited through parents, the remainder were recruited directly. The sample was dived into two groups by age, those 14 to 17 and
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