Gen Zer homebuyers are beginning to make a dent in the share of mortgage offers made in some of the nation’s trendiest metropolitan areas.
The young adults are
Mortgage and real estate professionals praised the next generation’s financial habits, suggesting Gen Zers want to capitalize on
"These guys and gals are in the mid-700s credit-score wise. They really did their homework," said Andy Shelby, a senior loan officer and assistant branch manager at Broker House Lending in Louisville, Kentucky. "They don't teach you that stuff in school. I don't know how they've prepared themselves for homeownership."
LendingTree analyzed the percentage of mortgages offered to adult Gen Z users of LendingTree’s online lending marketplace in 2021 and ranked the 10 most popular metros among that age group. National Mortgage News spoke to local professionals who explained why Gen Zers are saying no to ultra-expensive coastal markets and choosing to settle down in these markets instead.
Some of the quotes have been edited and condensed for clarity.