Generation Z may be young, but they have goals like the rest of us
Gen Zers, the group of Americans born between 1998 and 2016, are eager to become homeowners. A new realtor.com analysis estimates how much an 18-year-old today will need to save to buy a house by the time they're 30, in the year 2031. Realtor.com calculated the monthly savings needed to buy a house with a 5%, 10%, or 20% down payment, closing costs equal to 3.6% of the purchase price, and no financial help from family.
Gen Zers, the group of Americans born between 1998 and 2016, are eager to become homeowners. A new realtor.com analysis estimates how much an 18-year-old today will need to save to buy a house by the time they're 30, in the year 2031. Realtor.com calculated the monthly savings needed to buy a house with a 5%, 10%, or 20% down payment, closing costs equal to 3.6% of the purchase price, and no financial help from family.
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