"Generational Dependence: The Role of Parents in Helping Young Adults Buy Homes"

More than a third of millennials and Gen Zers planning to buy a home expect their parents to help with their down payment, whether through cash gifts, inheritance, or living with family to save money, due to soaring home prices and tight supply. Redfin's chief economist coined the term "nepo homebuyers" for these individuals. While family assistance is increasingly common, it also exacerbates the generational disadvantage faced by those without family money, making homeownership more challenging for them.