Gen Z and Millennials are likely to put their pandemic savings towards a home. According to a recent Zillow survey of over 1,200 Gen Z and Millennials, 59% of young adults say they plan to put money saved during the pandemic toward a down payment on a home. YPulse’s Life Plans Rewritten trend research found that 38% of Millennials say owning a home has become more important to them because of the pandemic, and more Millennials became homebuyers in 2020 than any other generation, according to a report from Apartment List. With interest rates also decreasing to an all-time low in 2020, buying a home has become easier (for some) compared to previous years, and young adults are expected to continue driving a housing boom. (Business Insider)
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