In the U.S. housing market, which has a high barrier to entry due to high interest rates and inflation, Generation Z is purchasing homes through a "family joint purchase" method with siblings.
According to a report by Fortune on the 7th, citing Bank of America’s "2025 Home Buyer Insight Report," 22% of U.S. Generation Z homeowners have jointly purchased dwellings with their siblings. This figure is a sharp increase from 4% in 2023 and 12% in 2024.
Generation Z is using various methods, such as looking for additional jobs or borrowing from family, to raise their down payments. The Bank of America survey revealed that 30% of Generation Z home buyers managed to secure their down payments through side jobs, an increase from 24% in 2023 and 28% in 2024.
The proportion of those co-owning dwellings with siblings or friends instead of parents is also rapidly increasing. The percentage of Generation Z respondents who said they would utilize family loans was 21%, higher than the overall average of 15%. In a survey last year by the U.S. real estate brokerage platform Redfin, it was revealed that one in three millennial and Generation Z buyers plans to receive down payment support from family.
As of the fourth quarter of 2024, the home ownership rate for Americans under 35 was 36.3%, marking the lowest level since 2019, though it slightly rebounded to 36% in the first quarter of 2025. Analysts suggest that the desire to purchase among the younger generation remains strong.
Currently, the U.S. real estate market remains uncertain due to high interest rates and home prices. According to the Bank of America survey, 60% of current homeowners and prospective buyers responded that "it is difficult to determine if now is a good time to buy a home." This figure has continued to rise from 48% in 2023 and 57% in 2024.
Despite this, Generation Z is not giving up on entering the housing market. Experts noted that "they are more focused on long-term asset value and stability rather than immediate prices." In fact, many in Generation Z appear to be managing their credit scores, saving for down payments, and waiting for the right time to purchase.
In some cities, a downward trend in prices has already begun. According to Redfin, 11 of the 50 largest metropolitan areas in the U.S. are experiencing declines in dwelling sale prices, and there are projections that the decline could be even greater by the end of the year. Zillow, the largest real estate information platform in the U.S., forecasts that dwelling prices will remain stable through the third quarter of this year and decline by 1% in the fourth quarter compared to the previous year.
Experts forecast that "as supply increases and buyers adopt a wait-and-see approach, the latter half of the year is likely to shift into a structure where sellers lower prices and buyers have more options."