Ryan Serhant on Gen Z and the housing market
Ryan Serhant calls for affordability to be redefined, warning that the strongest first-time homebuyer market is changing as the housing market resets for Gen Z.
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Key ideas
- The housing market is undergoing a reset that will affect Gen Z as they enter the market.
- Affordability needs to be redefined to reflect current conditions.
- First-time homebuyer dynamics are shifting due to rising costs and changed lending environments.
Facts and quotes
- Gen Z faces a new set of challenges in securing affordable housing.
- Serhant emphasizes redefining affordability as essential for future buyers.
- The market reset implies that past conditions may no longer apply to first-time buyers.
Additional considerations
- Potential implications for mortgage rates and down payment requirements.
- The role of demand, supply, and policy changes in shaping Gen Z housing prospects.
Author's summary
Gen Z will confront a redefined affordability and a shifting first-time buyer landscape as the housing market recalibrates, according to Ryan Serhant.
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