I’m genX and have owned a home almost continuously since I was 23 or 24. In most cases I don’t know whether friends own or rent their homes but afaik they almost all own. My sister doesn’t, but she is disabled.

My oldest (~30) kids both own homes. One with her husband and she was a restaurant general manager when she bought and switched to bank manager to have a kid for better hours and benefits. My son is just a single guy who has been a nurse for a handful of years, and he just bought about a year or so ago.

This is in Midwest USA. When I lived near D.C. I think renting was more common.