NerdWallet: How to help your grown kids buy a home

This article is reprinted by permission from NerdWallet.

When responsible first-time home buyers need help buying a home, the family bank can sometimes lend a hand.

Younger home buyers face a mountain of obstacles, including rising home prices and interest rates, too few homes for sale and unpaid college debt. Student debt is a major source of trouble. When the National Association of Realtors surveyed recent home buyers who had problems saving up a down payment, 53% of those in the youngest group (37 and younger) blamed student loan debt for their difficulty.

Families appear to be pitching in to help, according to the results of that survey in the 2018 NAR Home Buyer and Seller Generational Trends Report.

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