The Matranga family built a 560-square-foot tiny house for their family of four in 2022, experiencing both love and regret about its design after four years of living there.
Riccardo and Simone Bertagna bought a 25% stake in a property valued at 440,000 through a housing association, feeling proud and accomplished. However, they later faced significant issues, including rising service charges and maintenance problems, which left them feeling trapped in an unsellable home.
The top ZIP code Gen Z is moving to in 2025 is 55401, a central area of Minneapolis on the banks of the Mississippi River. Homes in the area are mainly made up of stylish condos and command a median house price of $372,500, which is lower than the average U.S. house price.
I'm now older than they were when they had me. I'm turning 27 and, though I don't want children, it's sometimes difficult not to measure my life against theirs. They got married at 21. When I was 21, I was finishing my bachelor's degree in the middle of a pandemic. At 25, rather than having a child, I was moving in with my girlfriend, and we became cat parents.
The cost rose a lot following the pandemic. And some of that was supply chain issues that really increased the costs, and then they didn't quite come back down. And now tariffs are also impacting some products. These costs are part of the reason the amount of new rental housing stock is shrinking.
They have strong demand for the American dream of homeownership, but they're really just feeling left behind right now, Jessica Lautz, the deputy chief economist at NAR, said of first-time buyers. Homeownership is a way that many Americans build wealth and unfortunately they're just being pushed to the sidelines for a longer period of time and losing out on those wealth gains. They're also thinking about unique ways to enter into homeownership.
According to the Bureau of Labor Statistics, rents have jumped nearly 28% in past five years. Companies such as Flex, Livble and, more recently, Affirm, say breaking rent into multiple payments can help renters manage cash flow. But consumer advocates warn the products typically function like short-term loans, layering fees onto already strained budgets and, in some cases, carrying triple-digit effective interest rates - raising questions about whether they ease financial pressure or deepen it.