Members of the so-called Generation Z have begun to participate in the real estate market, mainly in areas far from the big urban centerswhere home prices may be more affordable.
This is shown by the results of a study carried out by the online loan platform, LendingTree, in which the 10 markets that these young people seek were identified to buy your first home and the 10 who prefer to stay away.
These are medium-sized cities, with job opportunities, which may be close to technology centersaccording to the results of the investigation.
For first time buyers, these less expensive cities are real options, compared to the high costs of largest metropolitan areas in the United States.
And it is that according to the results obtained by LendingTree, the members of theGeneration Z have begun to participate in the real estate marketwhere 10% of mortgage applications correspond to young people between 18 and 24 years of age.
This was precisely the criteria that the company used to prepare the list, for which it analyzed 890,000 mortgage offers made on its platform and isolated those that corresponded to the age range of Generation Z.
In this way, he determined that the city most sought after by these young first-timers in buying a home was Salt Lake City, Utah, which retains the number 1 place it obtained in 2021.
This is the list of The 10 cities that Generation Z looks for the most to buy housing:
10. Virginia Beach, Virginia
9. St. Louis, Missouri
8. Birmingham, Alabama
7. Minneapolis, Minn.
6. Phoenix, Arizona
5. Indianapolis, Indiana
4. Cincinnati, Ohio
3Oklahoma City, Okla.
2. Louisville, Kentucky
1. Salt Lake City, Utah
This is the list of The 10 cities that members of Generation Z look for the least to buy housing
10.- Sacramento, Calif.
9. Seattle, Wash.
8. San Diego, Calif.
7 Washington D.C.
6.- Miami, Florida
5. Boston, Mass.
4.- Los Angeles, California
3.- San Jose, California
2.- New York, New York
1.- San Francisco, California
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