Parents Assist Gen Z in Homeownership Through Generational Wealth
A recent study by Realtor.com highlights a growing trend where parents are aiding Generation Z in becoming homeowners by leveraging accumulated housing wealth. This assistance comes in the form of financial support, often through extracting equity from their own homes to help with down payments. The study, which utilized data from the Panel Study of Income Dynamics through 2021, indicates that this trend is particularly significant in areas where housing wealth has increased rapidly over the past six years. The report underscores the role of intergenerational wealth transfer in facilitating homeownership, noting that households receiving such support are more likely to own homes and subsequently pass on assets to their children. 
