A third of Gen Z and millennial homebuyers plan to use family money for a down payment amid sky-high housing costs

• More than a third of Gen Z and millennial homebuyers anticipate their families to help with the cost, Redfin says. 
• Younger Americans face bigger financial hurdles to buying a home compared to their parents' generation.

A new group of nepo babies is emerging through the country's housing affordability crisis. 

Over one-third of prospective Gen Z and millennial homebuyers expect their families to help cover the down payment for a home purchase, according to a Redfin-commissioned survey of 3,000 people in the US.