Gen Z Outpaces Parents on Homeownership, Millennials Get Left Behind: A Tale of Two Generations

Believe it or not, our youngest generation, Gen Z, is actually surpassing their parents (you know, those Gen Xers) in the homeownership race. According to recent stats by Redfin News, 30% of 25-year-olds owned their own home in 2022. That’s up from the 27% rate for Gen Xers when they were the same ripe age of 25! You go, Gen Z! But, alas, those who snoozed on pandemic-era low mortgage rates might be feeling the FOMO.

Homeownership Is a Key to Building Wealth

For years, real estate has been considered the best investment you can make. A major reason for this is due to the net worth a household gains through homeownership.

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