Parents helping Gen Z become homeowners through generational wealth
Parents helping Gen Z become homeowners through generational wealth
(NewsNation) — Owning a home in America has started to become a less difficult path, thanks to parents helping Gen Z through accumulated housing wealth.
A study from Realtor.com found housing wealth has continued to grow rapidly in many parts of the country, particularly for households that were able to buy over the past six-plus years. The analysis used data from the Panel Study of Income Dynamics through 2021.
This positive trend comes at a time when many people in the U.S. are facing affordability challenges.
“Households that inherit property or receive financial assistance from family are more likely to become homeowners themselves and, in turn, are more........
