Redfin Reports Nearly 25% of Gen Z House Hunters Are Willing to Sacrifice Safety to Afford a Home
A new Redfin survey reveals that 17.3% of house hunters are willing to compromise on safety to find an affordable home within the next year. Gen Z respondents (23.7%) are the most likely to make this trade-off, followed by millennials (18.1%) and Gen Xers (17.5%). Only 5.5% of Baby Boomers would consider sacrificing safety for affordability.
The survey also found that house hunters are most willing to trade off access to healthcare amenities (41%), restaurants, bars, and coffee shops (36%), and highly-rated schools (26%). Other trade-offs include longer commute times (34%), living in areas with different demographics or political views (33%), and increased risk of natural disasters (28%).
Interestingly, 16.4% of respondents cited safety concerns as a reason for moving, highlighting the complex relationship between safety and housing decisions in the current market.
Un nuovo sondaggio di Redfin rivela che il 17,3% dei cacciatori di case è disposto a compromettere la sicurezza per trovare una casa accessibile entro un anno. I rispondenti della Gen Z (23,7%) sono i più propensi a fare questo scambio, seguiti dai millennials (18,1%) e dalla Gen X (17,5%). Solo il 5,5% dei Baby Boomer prenderebbe in considerazione di sacrificare la sicurezza per l'affordabilità.
Il sondaggio ha anche trovato che i cacciatori di case sono maggiormente disposti a rinunciare all'accesso ai servizi sanitari (41%), ai ristoranti, bar e caffè (36%) e alle scuole ben valutate (26%). Altri compromessi includono tempi di pendolarismo più lunghi (34%), vivere in aree con demografie o opinioni politiche diverse (33%) e un aumento del rischio di disastri naturali (28%).
È interessante notare che il 16,4% dei rispondenti ha citato preoccupazioni per la sicurezza come motivo per trasferirsi, evidenziando la complessa relazione tra sicurezza e decisioni abitative nel mercato attuale.
Una nueva encuesta de Redfin revela que el 17,3% de los buscadores de vivienda están dispuestos a comprometer la seguridad para encontrar una casa asequible en el próximo año. Los encuestados de la Generación Z (23,7%) son los más propensos a hacer este intercambio, seguidos por los millennials (18,1%) y la Generación X (17,5%). Solo el 5,5% de los Baby Boomers consideraría sacrificar la seguridad por la asequibilidad.
La encuesta también encontró que los buscadores de vivienda están más dispuestos a renunciar al acceso a servicios de salud (41%), restaurantes, bares y cafeterías (36%) y escuelas altamente valoradas (26%). Otras concesiones incluyen tiempos de desplazamiento más largos (34%), vivir en áreas con diferentes demografías o puntos de vista políticos (33%) y un mayor riesgo de desastres naturales (28%).
Curiosamente, el 16,4% de los encuestados citó preocupaciones de seguridad como una razón para mudarse, destacando la compleja relación entre la seguridad y las decisiones de vivienda en el mercado actual.
레드핀의 새로운 설문조사에 따르면 주택 구매자의 17.3%가 가격이 저렴한 집을 찾기 위해 안전을 타협할 용의가 있다고 합니다. Z세대 응답자의 23.7%가 가장 높은 비율로 이러한 거래를 고려하고 있으며, 밀레니얼 세대는 18.1%, X세대는 17.5%입니다. 베이비 붐 세대 중에서는 5.5%만이 안전을 포기하고 저렴함을 선택할 의사를 보였습니다.
설문조사에서는 주택 구매자들이 건강 관리 시설에 대한 접근(41%), 레스토랑, 바, 카페(36%), 고평가된 학교(26%)를 가장 기꺼이 포기하려 한다고 밝혔습니다. 그 외에도 더 긴 통근 시간(34%), 서로 다른 인구통계학적 특성 또는 정치적 견해가 있는 지역에 거주(33%), 자연 재해의 위험 증가(28%) 등이 있습니다.
흥미롭게도 응답자의 16.4%는 이사 이유로 안전에 대한 우려를 제기하여, 현재 시장에서 안전과 주택 결정 간의 복잡한 관계를 강조했습니다.
Une nouvelle enquête de Redfin révèle que 17,3 % des chasseurs de maisons sont prêts à faire des compromis sur la sécurité pour trouver un logement abordable au cours de l'année prochaine. Les répondants de la Génération Z (23,7 %) sont les plus susceptibles de faire cet échange, suivis par les millennials (18,1 %) et la Génération X (17,5 %). Seulement 5,5 % des Baby Boomers envisageraient de sacrifier la sécurité pour l'accessibilité.
L'enquête a également révélé que les chasseurs de maisons sont les plus disposés à renoncer à l'accès aux services de santé (41 %), aux restaurants, bars et cafés (36 %) et aux écoles bien notées (26 %). D'autres compromis incluent des temps de trajet plus longs (34 %), vivre dans des zones avec des démographies ou des opinions politiques différentes (33 %) et un risque accru de catastrophes naturelles (28 %).
Fait intéressant, 16,4 % des répondants ont cité des préoccupations en matière de sécurité comme raison de déménagement, mettant en lumière la relation complexe entre sécurité et décisions de logement sur le marché actuel.
Eine neue Umfrage von Redfin zeigt, dass 17,3% der Haussucher bereit sind, bei der Sicherheit Kompromisse einzugehen, um im nächsten Jahr ein erschwingliches Zuhause zu finden. Die Gen Z-Teilnehmer (23,7%) sind am ehesten bereit, diesen Handel einzugehen, gefolgt von Millennials (18,1%) und der Generation X (17,5%). Nur 5,5% der Baby Boomer würden in Betracht ziehen, die Sicherheit für die Erschwinglichkeit zu opfern.
Die Umfrage ergab auch, dass Haussucher am ehesten bereit sind, auf den Zugang zu Gesundheitsdiensten (41%), Restaurants, Bars und Cafés (36%) und hoch bewertete Schulen (26%) zu verzichten. Weitere Kompromisse umfassen längere Pendelzeiten (34%), das Leben in Gebieten mit unterschiedlichen demografischen Merkmalen oder politischen Ansichten (33%) und ein höheres Risiko für Naturkatastrophen (28%).
Interessanterweise gaben 16,4% der Befragten Sicherheitsbedenken als Grund für einen Umzug an, was die komplexe Beziehung zwischen Sicherheit und Wohnentscheidungen auf dem aktuellen Markt hervorhebt.
- Survey provides valuable insights into house hunters' priorities and trade-offs
- Redfin demonstrates market leadership by conducting comprehensive housing research
- Willingness to compromise on safety for affordability may indicate a challenging housing market
- Younger generations' readiness to sacrifice safety could lead to potential social issues
Insights
This survey reveals important insights into the shifting priorities of homebuyers, particularly among younger generations. The willingness of 23.7% of Gen Z respondents to compromise on safety for affordability is a stark indicator of the housing market's current state. This trend could potentially reshape neighborhood demographics and property values in certain areas.
The data showing 41% of respondents willing to trade off access to healthcare and 36% willing to sacrifice proximity to amenities like restaurants and bars suggests a possible shift in urban planning priorities. This could lead to increased demand in previously overlooked areas, potentially spurring development in these locations.
The 26% of respondents willing to trade access to highly-rated schools is particularly noteworthy, as school quality has traditionally been a key factor in home values. This shift could have long-term implications for property appreciation rates in certain neighborhoods.
The survey results paint a concerning picture of the current housing market's affordability crisis. With 17.3% of overall respondents willing to compromise on safety, it's clear that the market is pushing buyers to make difficult trade-offs. This trend could lead to increased demand in areas previously considered less desirable, potentially altering property values and neighborhood dynamics.
The generational divide in willingness to sacrifice safety (23.7% for Gen Z vs. 5.5% for Baby Boomers) highlights the growing disparity in housing affordability across age groups. This could exacerbate wealth inequality and potentially lead to policy interventions aimed at improving housing affordability for younger generations.
The 34% of respondents willing to accept longer commutes suggests a potential shift in housing demand towards suburban or exurban areas, which could impact urban planning and transportation infrastructure needs in the coming years.
The survey results indicate a potential shift in urban development patterns. With 36% of respondents willing to trade proximity to amenities like restaurants and bars, we may see increased demand for housing in areas currently lacking these features. This could lead to new opportunities for mixed-use developments in previously residential-only zones.
The 28% willing to live in areas with higher climate disaster risks is concerning from a resilience planning perspective. It may necessitate increased investment in climate adaptation measures and could impact insurance markets in vulnerable areas.
The 27% willing to forgo dedicated work-from-home space suggests a potential reversal of pandemic-era housing trends. This could lead to renewed interest in smaller, more affordable homes and apartments, potentially impacting the multifamily housing market and new construction trends.
Access to healthcare services, restaurants, bars and coffee shops top the list of trade-offs house hunters are willing to make in order to find a home within their budget
Nearly one in four (
Survey respondents indicated they are more willing to sacrifice less-vital housing needs, like the number of bedrooms, but a significant number—especially from younger generations—said they would be willing to exchange their safety for affordability.
“Younger generations have come of age during a housing supply crunch, where prices are at all-time highs. Couple that with them earning less—relative to older generations—and you can see why they are willing to make more serious sacrifices to find a home they can afford,” said Redfin Senior Economist Elijah de la Campa. “When the typical household earns less than is needed to buy or rent a typical home, house hunters can’t afford not to make sacrifices.”
Safety is a common reason why people are moving in the first place
While safety may be seen as a trade-off by some house hunters, roughly the same number of respondents (
More than one in five Gen Xers (
Overall, safety concerns were the fourth-most cited reason for wanting to move, behind wanting more space, a lower cost of living and lower home prices—and on the same level as wanting to live near family.
More than 1 in 4 house hunters willing to trade off access to quality schools
Of the housing features presented in the survey, house hunters were most willing to trade off access to their doctor/healthcare amenities (
More than one in four respondents (
Inside a home, respondents prioritized the number of bedrooms (
House hunters seeking affordability are also willing to make work-related sacrifices. Around
More than one in four (
To view the full report, including charts and additional methodology, please visit: https://www.redfin.com/news/homebuying-tradeoffs-safety-survey-2024.
About Redfin
Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can have our renovations crew fix it up to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than
Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@redfin.com. To view Redfin's press center, click here.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240805703657/en/
Redfin Journalist Services:
Kenneth Applewhaite
press@redfin.com
Source: Redfin
FAQ
What percentage of Gen Z house hunters are willing to sacrifice safety for affordability according to Redfin's survey?
How many house hunters are willing to trade off access to quality schools for affordability, as per Redfin's report?
What percentage of respondents in Redfin's survey cited safety concerns as a reason for moving?
What are the top trade-offs house hunters are willing to make for affordability, according to Redfin's study?
