How Gen Z Is Buying Homes Younger Than Millennials And Boomers Did

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.

Chapters:
0:00 Cold Open
1:33 Chapter 1 - Location and Interest Rates
4:50 Chapter 2 - Financial Help
7:50 Chapter 3 - Going it Alone

Produced by: Micah Washington
Narration by: Carlos Waters
Additional Camera by: Magdalena Petrova, Kaan Oguz
Edited by: Michael Hoyt
Animation by: Jason Reginato
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images

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How Gen Z Is Buying Homes Younger Than Millennials And Boomers Did

[kk-xjoz]

It's not gen z buying homes it's their parents

[ivand]

The media is a joke. I'm Gen Z, graduated university debt free and work in finance. I don't know a single person in my age group whether from high school or university that has bought a home. Most still live with their parents or work minimum wage jobs. What alternative reality is this?

[kaizmahboi]

Parents. Parents. Parents.

It’s not us Gen Z buying them ourselves, what a complete joke.

[rickyposner]

“Almost 3/4 of Gen Z’ers plan to buy a home within 6 years.” What a worthless poll. When we are young, most of us also plan to be millionaires within 6 years. Doesn’t mean anything.

[HopesKruses]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement.

[elisabetgalvez]

They keep trying to make it seem like “things aren’t so bad guys people are still buying homes“, lies

[victordelaguila]

He paid 200k for a home?? What?? That gets you a trashcan with no lid in California.

[gamelandDEZ]

So they bought where nobody wants to live. And had a co-sign and money help from the parents. Good job

[azieltobias]

A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

[MyHeartSpitsAtYourIdeaOfLove]

99 other channels say the youngsters are struggling and that homeownership is a pipe dream.

[Doctaphil]

What a ridiculous analysis. Focusing on a 21 year old kid who bought a home at sub 3% is a UNICORN, not the norm.

Younger people are now willing to accept that they can either rent forever or sign for 30 years of debt. The low interest rates of covered were just luck for anyone who bought during the time.

[gltyG]

At least they eventually reveal that Dominic had his parents paid for everything

[letit]

Yeahhhh, no regular gen Zers are buying homes. These folks have mom and dad helping them out big time

[LoLTgreene]

Privileged young people get to buy homes sooner than the rest. Groundbreaking discovery. Such journalism. Much wow.

[XxXenosxX]

Nobody in my generation can afford a home unless their parents are forking over money.

[ItsMeHammie]

What a bogus report. How can you say Gen Zs are buying homes when you're only speaking about a tiny percentage of them? Not only that you also say genz has more debt, suffering from inflation, and suffering from an inflated home market. I am a lucky millennial who purchased a home when I was 26. 3 years later it doubled in price. No way I could afford my house at today's price. So much BS in this video.

[RyanDouglas-hd]

Something about 27% of Gen Z people age 24 owning a home just doesn't sound accurate to me. Not where where I'm living at least.

[dallasryder]

Grandparents or rich parents. I'm not knocking it, because I'd want my kids to be well off as well. I just wish a lot of people would quit pretending they got it out the "dirt" or worked harder than everyone to get a home. It's like lying about working out, diet and such when you were just getting ozempic and HGH off your parents insurance. Be honest.

[pensivepenguin]

Wait. I thought the narrative was that gen Z was never going to be able to buy homes. Now apparently they are beating all the other generations to the punch? At least get your story straight 😂

[nameblocked]

CNBC please report on the millions of vacant units sitting empty, owned by corporations and foreign investors. 😊