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The top spots for Generation Z home buyers

Selecting suburbia It looks like the suburbs are getting a serious dose of growth in the coming years. According to a new analysis, a whopping 60 percent of Generation Z prefer suburban living — and 83 percent of that cohort plans to buy a home in the next five years. Verify your new rate (Sep 13th, 2018) Gen Z won’t go rural According to a new study by PropertyShark, Generation Z home buyers are going to gravitate to the suburbs, with more than half preferring the suburban lifestyle. Another 30 percent say they prefer city life, while only a small fraction plan to go rural. The study showed Generation X prefers rural living over all other options. San Francisco, Atlanta, Washington D.C., Miami, San Diego, Seattle and Tampa, Florida, also made the list. For one, they name student loan debt, down payments and job insecurity as their biggest barriers to buying in. That’s nearly as much as Millennials (87 percent). One in five Gen Zers has nothing in savings, while 40 percent have under $10,000. Show Me Today's Rates (Sep 13th, 2018)