Family togetherness isn’t just for Thanksgiving dinner. More young adults are now living with their parents than during the recession, according to U.S. Census data. The share of 18-34 year olds living with their parents was 31.5% as of March, 2015, up from 31.4% last year, according to a report from the Commerce… read more →
When you started researching what it takes to buy a home, you probably came face-to-face with one number over and over again: 20 percent. Traditionally, that’s how much was needed to buy a home. These days, there are a number of alternatives to the 20 percent down payment, with some… read more →
Being a first-time home buyer can make you lose your mind: So many choices! Never enough budget! So much paperwork! But with the right approach, you can keep your hold on sanity throughout the difficult journey as a first-time homebuyer. Planning, homework and the professional guidance of a licensed Realtor are key. The… read more →
When you started researching what it takes to buy a home, you probably came face-to-face with one number over and over again: 20 percent. Traditionally, that’s how much was needed to buy a home. These days, there are a number of alternatives to the 20 percent down payment, with some… read more →
With tightening credit markets, low savings rates and stagnant wages, many first-time homebuyers find themselves struggling to amass a down payment. The solution? Parents! Twenty-seven percent of first-time homebuyers received a down payment as a gift from “the good ol’ bank of mom and dad,” says Walter Molony, economics spokesperson for… read more →