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Category: Gen Z

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What You Want To Know If You’re Pursuing Your Dream of Homeownership

Written by St. George Island Mortgage Mortgage Syndicated User on . Posted in Buying Myths, First Time Home Buyers, For Buyers, Gen Z, Housing Market Updates, Millennials, Mortgage St. George Island, Move-Up Buyers, St. George Island Mortgage.

If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead. And if homeownership ranks high on your goal sheet, you’re in good company. Many of your peers are also pursuing their dream of owning a home. The 2022 Millennial & Gen Z Borrower Sentiment Report from Maxwell says: “Many young adults have demonstrated their resolve to embark on the journey toward homeownership soon. More than half of millennials and Gen Zs plan to apply for a mortgage sometime within the next year.” Let’s take a look at why homeownership makes the top of so many...

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More People Are Finding the Benefits of Multigenerational Households Today

Written by St. George Island Mortgage Mortgage Syndicated User on . Posted in Baby Boomers, Demographics, For Buyers, Gen Z, Generation X, Millennials, Mortgage St. George Island, St. George Island Mortgage.

If you’re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The Pew Research Center defines a multigenerational household as a home with two or more adult generations. And the number of individuals choosing multigenerational living has increased over the past 50 years. As you consider this option for your own home search, know it could help you on your homeownership journey and provide you with other incredible benefits along the way. Living with Loved Ones Could Help You Achieve Your Homeownership Goals There are several...

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Do You Believe Homeownership Is Out of Reach? Maybe It Doesn’t Have To Be.

Written by St. George Island Mortgage Mortgage Syndicated User on . Posted in Demographics, First Time Home Buyers, For Buyers, Gen Z, Millennials, Mortgage St. George Island, Move-Up Buyers, St. George Island Mortgage.

It turns out, millennials aren’t the renter generation after all. The 2022 Consumer Insights Report from Mynd says there’s a portion of millennial and Gen Z buyers who are pursuing homeownership as a way to build their wealth, but it may not be exactly the way previous generations have done it. The study explains how they’re breaking into the market: “. . . younger generations of Americans are not buying into that dream in the same way that older generations have. A growing number of Americans are choosing to make their first real estate purchase as an investment property.” Instead of buying...

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