[Post 875] How Gen Z Is Buying Homes Younger Than Millennials And Boomers Did

Summary

In 2023, Gen Z led in homeownership among young adults, with a higher rate of homeownership at age 24 compared to millennials and Gen X at the same age. Despite their relatively small share of the housing market and challenges like high prices and limited inventory, many Gen Z individuals are determined to buy homes in the near future. This shift could have significant effects on the housing market and the broader economy.