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Gen Z buyers are willing to make changes to afford a home.
A Cotality survey found 78% would cut lifestyle spending, and 74% would consider a smaller home.
Many buyers want lower mortgage rates, but life events remain the biggest reason people buy.
Nearly half of recent buyers purchased because their needs changed, compared with just 20% who were motivated by a specific rate.
Buyers also want clear costs and lenders they can trust.
Overall, buyers are adjusting their expectations and focusing on what fits their budget.
If you're looking into making a move, don't hesitate to reach out.
Hope you have a great rest of the week!
-Josiah
📲972-921-9622
📧josiah@josiahbeam.com
Texas Realtor #0742720
Mortgage Advisor | NMLS 2552379
One Real Mortgage | NMLS 198414
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