From Yahoo Finance: 2025-06-07 18:59:00

Gen Zers are finding ways to afford homeownership despite a tough housing market, with more taking on extra jobs or buying with siblings, per a Bank of America survey. 30% paid for down payments with extra jobs, up from 28% last year. 22% bought homes with siblings, up from 12% in 2024.

Young Americans are prioritizing homeownership despite financial challenges, according to BofA’s annual Homebuyer Insights Report. 21% of Gen Z buyers plan to rely on family loans for down payments. Homeownership rate for Americans under 35 hit a low in 2024 but showed a slight increase in Q1 2025.

The housing market remains a puzzle for many, with 60% unsure if it’s a good time to buy a home. Prospective buyers are waiting for better conditions, expecting mortgage rates and home prices to drop. A tipping point in the housing market may favor buyers soon.

Redfin predicts falling home-sale prices in major metro areas, with the U.S. median sale price expected to go flat in Q3 and fall 1% in Q4. Zillow also forecasts a decline in home values due to rising listings and mortgage rates, giving buyers more options and sellers cutting prices.



Read more at Yahoo Finance: A hot trend in the housing market is Gen Z buying homes with siblings