Millennials, Gen Z Trust ‘Bank of Mom and Dad’

Millennials and Gen Z have become increasingly prevalent in the housing market. But to get there, they’re still turning to the “Bank of Mom and Dad.” And that’s having a ripple effect on their Boomer parents.

Analysis: More Gen Zers Than Millennials Will Own Homes

Even as Millennials age into their prime home-buying years, they’re still not keeping up with past generations, said Zillow Inc., Seattle. Furthermore, the analysis said, Gen Z could end up overwhelming Millennials in homeownership competition.