Millennials Are Finally Becoming Homeowners at Nearly 40—Gen Z May Have to Wait 2 More Decades Before Unlocking the American Dream

Fortune, July 16, 2025-Emma Burleigh
The American Dream of homeownership is slipping away for Gen Z as the share of first-time home buyers hit an all-time low of 1.14 million last year. Now, 38-year-old millennials are the new face of homeownership. But the youngest generation of workers may have to wait even longer to get on the ladder as they grapple with fewer hiring opportunities than their predecessors. Baby boomers hold the keys to their real estate success.
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