Young adults today are significantly less likely to own homes compared to previous generations, with only about 25% of those born in the mid-1990s expected to become homeowners. Factors contributing to this trend include rising property prices, insufficient new housing construction, and high rental costs that limit savings for down payments.
Recent data suggests a potential shift, as slower property price growth and lower mortgage rates may ease some financial burdens. However, achieving homeownership levels seen in past decades will require substantial increases in housing supply and effective policy reforms.