Younger Buyers Open to Creative Solutions for Affordable Homeownership Amid Challenging Market

Younger generations are open to buying homes with friends or groups of friends to make homeownership more affordable amid high prices and interest rates. Over one-third of non-homeowners would split a home purchase with someone besides their partner.

59% of Gen Z non-homeowners are willing to buy with friends, showing younger Americans' willingness to find creative homeownership solutions.

Aspiring home buyers are cutting non-essential spending, working more, postponing big purchases, and moving in with family to save for a down payment.

44% of Gen Z non-homeowners plan to have parents help them finance their first home purchase, far more than older generations.

Focus on improving finances and credit scores while waiting patiently for more favorable conditions, as the unpredictable housing market won't stay challenging forever.