Generation Z, the youngest potential home buyers, who are beginning to enter the housing market, show a preference for buying homes in culturally diverse neighborhoods, according to a new survey from Homes.com. It’s the first generation in American history to show such a strong diversity preference, Homes.com says. The real estate website surveyed more than 1,000 young adults ages 18 to 24 years old to examine their homebuying preferences.
Fifty-eight percent of potential Gen Z home buyers say they prefer a diverse community compared to 12% who prefer a homogeneous neighborhood, the survey shows. “Generation Z is more multicultural than ever before, with demographics that include the largest percentage of Hispanics and non-Hispanic blacks, at 22% and 15%, respectively,” says David Mele, president of Homes.com. “Our survey suggests that their preferences will have a substantial impact on homebuying patterns. That, in turn, may create a new dynamic where diverse communities thrive more than ever before.”
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