Young Homebuyers Increasingly Rely on Family Support for Down Payments

Rising home costs and other financial challenges are making it difficult for young people to purchase homes. A recent report from Redfin reveals that Gen Zers and Millennials are increasingly relying on financial assistance from family members to cover down payments. Nearly half of those surveyed who are unlikely to buy a home soon cite affordability as the main barrier, with high mortgage rates and student loan payments also being major concerns.

Scroll to Top