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
Author: CNBC
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News post in September 5, 2024, 6:04 pm.
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