In the evolving landscape of real estate, Generation Z is making significant strides toward homeownership, particularly in the Midwest. Recent data indicates that Missouri and Kansas are at the forefront of this trend, with 17% and 18% of homebuyers being Gen Z, respectively. This surge is largely attributed to the affordability and growth potential these regions offer.

Midwest: A Haven for Young Buyers

A recent CoreLogic report highlights that several Midwestern metros have the highest shares of Gen Z mortgage applicants. Des Moines, Iowa, and Omaha, Nebraska, lead with 21% of mortgage applications from Gen Z buyers. These cities offer median home prices well below the national average, making homeownership more attainable for young adults.

In Missouri, cities like St. Louis are gaining attention for their robust real estate markets. Both Kansas City and St. Louis have recently been recognized as a top housing market for 2025, thanks to its affordability, strong job market, and limited housing supply. Homes here are selling quickly, often at or above asking prices, indicating a competitive environment favorable to buyers.

Affordability Driving Gen Z Homeownership

The Midwest's appeal to Gen Z buyers is further underscored by the contrast with coastal markets. In states like Hawaii and the District of Columbia, where median home prices exceed $600,000, Gen Z comprises only 6-7% of mortgage applicants. In contrast, more affordable Midwestern states see a higher proportion of young buyers entering the market.

Navigating New Real Estate Dynamics with HomeTraq

The real estate industry has recently undergone significant changes due to a class-action lawsuit settlement with the National Association of REALTORS® (NAR).  Homebuyers are now required to have a written agreement with a showing agent before touring any home for sale. This update aims to enhance transparency and streamline the home-buying process.

Understanding that these new requirements might seem daunting, HomeTraq offers a solution designed for both new and repeat homebuyers. Our Home Showing Authorization aligns with the latest regulations while prioritizing your flexibility and convenience. Here's how HomeTraq simplifies the process:

• No Long-Term Commitment: The HomeTraq Home Tour Authorization is specific to a single home tour, ensuring you're not bound by extended agreements.

• Complimentary Tours: We provide home tours at no cost, eliminating any financial barriers to exploring potential homes.

• Pressure-Free Experience: With no obligations beyond the scheduled tour, you can explore properties at your own pace, making informed decisions without undue pressure.

By integrating the home touring process into your online search, HomeTraq enables you to request tours seamlessly, without the hassle of extensive paperwork or hidden commitments. Whether you're a first-time buyer or looking to relocate, our platform empowers you to navigate the current real estate landscape with confidence.

Spring into Action with HomeTraq

As spring approaches, the housing market is poised for increased activity. HomeTraq is ready to assist Gen Z and all homebuyers in navigating this dynamic landscape. With on-demand home tours and a customer-friendly approach, HomeTraq simplifies the home-buying process, ensuring you find the perfect home with ease.

Embrace the opportunity this spring to explore the thriving Midwestern real estate market. Let HomeTraq guide you every step of the way toward your new home.