{"id":12372,"date":"2014-10-09T08:15:19","date_gmt":"2014-10-09T12:15:19","guid":{"rendered":"https:\/\/bhgrealestateblog.com\/?p=12372"},"modified":"2024-12-30T11:08:05","modified_gmt":"2024-12-30T16:08:05","slug":"next-generation-homebuyers-tradition-appears-alive-well","status":"publish","type":"post","link":"https:\/\/bhgrecareer.com\/bebetterblog\/next-generation-homebuyers-tradition-appears-alive-well\/","title":{"rendered":"For next-generation homebuyers, tradition appears to be alive and well"},"content":{"rendered":"

It\u2019s tempting to make certain assumptions about today\u2019s teens. After all, they\u2019re the first generation that\u2019s only ever known a right-here, right-now, 24\/7 online world. How could their perceptions and expectations not <\/em>be far different from those of their predecessors?<\/p>\n

Well, be prepared to be surprised about how this important demographic group, 21 million strong, views homeownership. They sound a lot like \u2014 dare we say it? \u2014 Baby Boomers.<\/p>\n

More than four in five teens ages 13 to 17 answering our Better Homes and Gardens\u00ae<\/sup> Real Estate survey identified homeownership as the most important factor in achieving the American Dream. Other factors include getting a college education (78 percent), marrying (71 percent), and having children (68 percent.)<\/p>\n

In this age of urban renaissance, you might assume today\u2019s young people have their sights on city living. In fact, just 23 percent of the 1,000 Gen Z members surveyed said they would look to buy in cities. Almost half (47 percent) plan to buy in the suburbs, no doubt seeking the quiet comforts they\u2019ve grown up around.<\/p>\n

Speaking of familiarity, these teens are staying fairly close to their roots\u2026but not too close! Thirty-nine percent want to stay in their current geographic region, such as the Northeast or Midwest, and almost as many (36 percent) plan to stay in the same state. Seventeen percent believe they\u2019ll buy in the town or city where they grew up. Ten percent say they\u2019ll eye destination sites, such as in coastal areas or near ski destinations.<\/p>\n

Wherever they land, today\u2019s young people plan to more or less stay put. While Gen Z might seem to be constantly on the lookout for the next best thing \u2014 be it a smartphone, social media site, movie, or music download \u2014 survey respondents said they expect to own, on average, just two houses.<\/p>\n

To learn more,\u00a0watch the video below. Check back for more insights about tomorrow\u2019s homebuyers, who might become customers sooner than you think \u2014 saying they plan to make their first home purchase at about age 28. More about that next time!<\/p>\n

\/\/www.youtube.com\/v\/HdSS39wU_VM?version=3&hl=en_US<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s tempting to make certain assumptions about today\u2019s teens. After all, they\u2019re the first generation that\u2019s only ever known a right-here, right-now, 24\/7 online world. How could their perceptions and expectations not be far different from those of their predecessors? Well, be prepared to be surprised about how this important demographic group, 21 million strong, […]<\/p>\n","protected":false},"author":181,"featured_media":12374,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[81,91],"tags":[16271,16401,19531],"class_list":["post-12372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education-2","category-featured","tag-gen-z","tag-generation-z","tag-homeownership"],"yoast_head":"\nFor next-generation homebuyers, tradition appears to be alive and well - Better Homes and Gardens Real Estate Be Better Blog<\/title>\n<meta name=\"description\" content=\"Though they\u2019ve only ever known an always-on, 24\/7 world, today\u2019s teens have very traditional ideas about homebuying.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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