Parents helping Gen Z become homeowners through generational wealth

A study from Realtor.com indicates that parents are aiding Gen Z in becoming homeowners by leveraging accumulated housing wealth. The analysis shows that housing wealth has increased significantly, particularly for households that purchased homes in the last six years. Households receiving financial assistance from family are more likely to own homes and pass on assets to their children. Notably, parental transfers account for nearly 27% of homeownership rates among young households, with children whose parents assist with down payments being three times more likely to buy a home.