By Erica Sweeney
Featured Expertise by Jason Gelios
Buying a home presents a different proposition for people in each stage of life. If you’re 20-something, you probably have a lot on your plate. You may be just out of school, dealing with student loans, and starting your professional career. But if you’re pulling down a steady paycheck, you might also be considering homeownership.
More than 70% of Gen Z—that is, people born after 1997—want to buy a home at some point, according to Realtor.com® research. Of that demographic group, 43% plan to buy a home in the next five years—with 45% of them already saving for that dream home.
“Buying a home in your 20s is ahead of the game,” says Danielle Hale, chief economist of Realtor.com. “The typical first-time homebuyer makes their initial home purchase in their early 30s. But buying a home at an earlier age can help build up equity—the savings in your home—so that you end up with more down the road.”
Click here to read more
Jason Gelios is a Husband and Father. After that, a Top Producing REALTOR®, Author of the book Think like a REALTOR®, Creator of The AskJasonGelios Real Estate Show and Expert Media Contributor to media outlets across the country.