Move over millennials, Gen Z is already buying homes

Elliott Pollack

Elliott PollackBy Jann Swanson | Mortgage News Daily

Who’s afraid of growing up? Apparently not Generation Z.  The post-Millennial crop of kids, those born in 1995 and later, are already moving into homeownership.

Maria Lamagna, writing for MarketWatch says just shy of 100,000 members of Gen Z, whose ages top out at 23, have a mortgage. Their average loan balance is $140,000.

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