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Gen Z turn to family for down payment assistance | National Mortgage News

Gen Z turn to family for down payment assistance | National Mortgage News
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Nepo-Homebuyers: More Than One-Third of Gen Z and Millennial Homebuyers Plan to Use Family Money For Down Payment -March 27, 2024 at 10:28 am EDT

Young Americans who have the means are turning to family for help with down payments as housing costs soar. .

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Rent Prices Post Highest Annual Increase In Over A Year: Redfin

The median asking rent in the United States rose 2.2 percent year over year to $1,981 in February, the largest annual gain since January 2023 and a 0.9 percent increase compared to the month before.

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Redfin Survey: Majority of U S Homeowners and Renters Say Housing Affordability Affects Their Pick for President -March 11, 2024 at 08:03 am EDT

Meanwhile, nearly two-thirds of respondents say housing affordability makes them feel negative about the economy .

United statesDaryl fairweatherRedfin data centerRedfin chief economist darylPresident bidenBay equity home loansApartment guideTitle forwardRedfin data

Redfin Reports Asking Rents Climb 2% in February, Biggest Gain in Over a Year

The Northeast and Midwest were the biggest gainers, with asking rents rising roughly 5% from a year earlier. Rents in the West and South were roughly flat. .

Daryl fairweatherFederal reserveRedfin data centerRedfin chief economist darylMidwest leadBay equity home loansApartment guideTitle forwardRedfin data

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