Residential

Which Age Group Is Hoping for a Housing Crash?

A survey by Consumer Affairs reveals that 75% of Americans plan to buy a home if the housing market crashes.

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According to a study by Consumer Affairs that polled 1,000 participants, Gen Zers are at the top of the list for wanting a market crash to occur. Among high interest rates and high prices, the housing market is causing many Americans to feel uneasy.

So it may not surprise you to learn that 78% of Americans expect a housing-market crash, according to a study by Consumer Affairs, a consumer information service. What may surprise you is that 63% of those surveyed want a housing crash.

Perhaps that’s because 75% of respondents said they plan to buy a home if the market crashes. And on average, they said they have $29,504 socked away to purchase one.

Generation Z (born 1997-2012) is the most eager for a crash, with 84% hoping for one. Gen Zers have saved the least for a home: $15,601 on average.

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