M
arcus Johnson advises young people who've received a large inheritance or financial gift to prioritize paying off debt, building an emergency fund, and then investing in retirement and other savings as their circumstances allow.

    Brogan McGuire bought his first home at 20 after setting aside a down payment while working in sales. He credits hard work and listening to advice from family members, including his father who was a Realtor for 28 years. In 2020, with mortgage rates below 3%, McGuire took advantage of the opportunity and put 3% down on his home.

    Homebuilders like Oakwood Homes are finding ways to attract Gen Z buyers in Arizona by offering lower interest rates, which cuts into their profit margins but can lead to more sales. This strategy has paid off, with twice as many Gen Z customers purchasing homes in Oakwood's communities this year compared to last.

    Financial advisor Marcus Johnson notes that the large amount of money being transferred from Baby Boomers to younger generations presents an opportunity for homebuilders and Realtors to convince them to invest in their first home. Johnson advises young people to position themselves financially before investing, while those in the real estate industry emphasize the potential for generational wealth through homeownership.

    Homebuilders are hoping to capitalize on this trend by convincing Gen Z buyers to invest their inherited wealth in a home. As Michael Fraley of Oakwood Homes notes, "There is the transfer of wealth but there's also generational wealth that comes from what you're building on your efforts."