"Homebuyers Turn to Family Support Amid Rising Costs"
TL;DR Summary
As the housing market becomes increasingly unaffordable, many first-time homebuyers are turning to their parents for financial assistance, including co-signing loans and providing down payments. High interest rates and limited housing supply are major challenges, prompting some young adults to rely on family support to achieve homeownership.
Topics:business#financial-assistance#homeownership#housing-market#millennials#real-estate#real-estate-trends
- First-time homeowners are starting to ask parents for help to make buying property a reality: report Fox Business
- What does it take to buy a house? Increasingly, Mom and Dad. Yahoo Finance
- I Moved Back In With My Parents. These Essentials Are Critical to Making It Work. The New York Times
- Rise of the ‘gran bank’: Why helping grandkids buy a home could cost you Sydney Morning Herald
- Would-Be Homebuyers Move Back In With Parents Bankrate.com
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