Nepo-Homebuyers? Nearly 1 in 4 Young Americans Use Family Money to Fund Down Payment

Nepo-homebuyers? Nearly 1 in 4 young Americans use family money to fund down payment

A new survey shows that rising housing costs are pushing Gen Z and millennial buyers to get creative with down payments.

Keeping Homebuying in the Family - The MortgagePoint

According to a recent Redfin survey, nearly one-quarter (23.8%) of young Americans who recently purchased a home used family funds to assist with their down payment. In this article, "family money" refers to either an inheritance or a monetary present from family. Approximately 11% of Gen Zers or millennials, or young Americans, who recently purchased

24% of Young Home Buyers in the U.S. Getting Family Help for Down Payments

Gen Z has been outpacing millennials and Gen Xers on homeownership in the U.S. despite sky-high prices and higher interest rates. So what’s their …