The homeownership rate for young adults, defined as those under 35, saw a decline from 45% in 1990 to 39% in 2022, signaling significant barriers to entry for first-time buyers.
Despite rising prices, Gen Z has higher homeownership rates than millennials and Gen X did at the same age, with 24-year-olds currently having a rate of 27.8%.
After moving in with her partner's parents, Victoria Bellucci and her fiancé saved aggressively, managing to set aside up to 50% of their paychecks to achieve their goal of purchasing a home.
For Gen Z, living at home or with relatives has become a strategic option to afford homeownership, demonstrating adaptability in the face of financial challenges.
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