First-time homebuyers and the bank of mom and dad

First-time homebuyers generally lack the money to make large down payments on a home. According to the Survey of Consumer Finances, the medi​an net worth of renters measured $6,300 in 2019. Meanwhile, U.S. Census Bureau data indicate that nearly half of all renters in the U.S. were younger than 30; an additional quarter were 30-44 years old.  Lower […]The post First-time homebuyers and the bank of mom and dad appeared first on Texas Real Estate Research Center.