Real Estate Culture
  • Home
  • What is My Home Worth?
  • About
  • Contact
  • FIRST TIME HOMEBUYER SEMINAR - REGISTER

Real Estate is a LIFESTYLE

  Real Estate is indeed a lifestyle.  From contemporary layouts & interior design/decor, the rise and fall in economic markets, turn key and rehab properties - to know & understand the grit of real estate is to love what it represents.  Home.  Value.  Wealth.  Security blanket.  Personal accomplishment.  
Enjoy the information on this site, and refer your family and friends to indulge in Real Estate Culture!

New Study Examines Impact of Parental Money on Millennial Home Buying

1/20/2017

0 Comments

 
Picture
Source:  Curbed

The probability of becoming a homeowner jumps 23 percent among adult children who receive a money transfer from their parent, according to a report based on data from the Health and Retirement Survey.  Receiving money from one's parents - defined as a gift of $5,000 or more over the last two years, assistance received by 1 in 17 young adults between ages 20 and 49 - help many get over the hurdle of making a down payment, the biggest obstacle to homeownership, according to half of young renters.  The paper noted that children with parents in the 4th quartile of the wealth distribution are 4.5 percentage points more likely to become homeowners than children with parents in the bottom quartile.  They also determined that age and race can play a significant role.

0 Comments



Leave a Reply.

    Archives

    December 2018
    July 2018
    February 2018
    January 2018
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016

    Categories

    All

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • Home
  • What is My Home Worth?
  • About
  • Contact
  • FIRST TIME HOMEBUYER SEMINAR - REGISTER