"Young Homebuyers Lean on Parents for Support"

Increasingly, young home buyers are relying on financial help from their parents to afford homes in an overpriced and undersupplied market. The share of first-time buyers under 35 with older co-signers has more than doubled since 1994, and more young adults are receiving down payment assistance from family. This trend highlights growing economic disparities and the crucial role of family wealth in achieving homeownership, as high home prices and mortgage rates make it difficult for first-timers to enter the market without familial support.