en Z has been complaining about how unaffordable life is, but they're buying homes earlier in their lives than previous generations. These young adults are outpacing millennials and Gen X in the homeownership race.

At age 25, a surprising 30% of Gen Z owns a home, compared to 28% of millennials and 27% of Gen X at the same age.

So how are they pulling it off? Three key factors:

1. Entering the workforce during favorable economic conditions
2. Tapping into the Bank of Mom and Dad for financial assistance
3. Embracing flexibility to relocate to more affordable areas

These Zoomers are getting creative with financing, often putting down less than 6% as a down payment and frequently relying on gifts from family to cover costs. They're also flocking to budget-friendly cities like Kansas City, Indianapolis, and Cincinnati.

But it's not all good news. Recent interest rate hikes and rising home prices are creating a divide within the generation. While older Gen Zers rode the wave of record-low interest rates, their younger siblings now face a more daunting market.

Despite their early lead, Gen Z still trails behind Baby Boomers, who boasted a 32% homeownership rate at 25. However, with Gen Z accounting for 9% of first-time home purchase applications in 2022, it's clear they're just getting started in their pursuit of the American Dream - affordability complaints notwithstanding."

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