TransUnion reported that Gen Z borrowers (those born since 1995) are starting to close on mortgages. In the second quarter of this year there are 319k Gen Z borrowers who have a mortgage up from 150k a year earlier. In other words at least 169k young adults from Gen Z bought a home in the last year. There are now 31.5 million young adults between the ages of 18 and 24 and this number is expected to increase by 13 million over the next 3 years.