In a new report from ServiceLink, the two younger generations are eager to buy a home in 2024 and are undeterred by higher interest rates

Younger generations are ready to make a move in their home buying journey this year, according to the latest ServiceLink State of Homebuying Report. With 63% of Gen Z respondents and 59% of millennial respondents saying they plan to purchase a home in 2024, compared with 45% of Gen X and 21% of baby boomers, the younger generations are feeling more optimistic about the market.

While 47% of all respondents who purchased a home or tried to over the past four years plan to buy this year, it is renters (69%) and those living rent-free (70%) who are the most eager compared with the 34% who currently own.