"Gen Z and Millennials Turn to Family for Homeownership"

Younger Americans are open to unconventional methods of achieving homeownership, such as buying a home with friends or receiving financial assistance from family, due to high interest rates and limited housing supply. A survey by Credit Karma found that over one-third of non-homeowners would consider splitting the purchase of a home with someone other than their partner, with Gen Z showing the highest willingness. Additionally, aspiring homeowners are cutting back on non-essential spending and are open to receiving financial help from their parents. Despite current market challenges, experts advise focusing on improving financial well-being and being patient, as market conditions are unpredictable.