Generation Z accounted for a record 20% of home purchase rate locks in the second quarter, marking the largest share on record as younger buyers continue to gain ground despite ongoing affordability challenges, according to Intercontinental Exchange (ICE)’s July 2026 Mortgage Monitor.
The report, released Monday, found that Gen Z now represents nearly one-third of all first-time homebuyer loans and 27% of Federal Housing Administration (FHA) purchase mortgages. As the oldest members of the generation approaching age 29, ICE said Gen Z’s share of the home purchase market is expected to continue growing.
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