Posts from December 28th, 2011
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28
One in Five Baby Boomers Gifting or Loaning Money to Children or Grandchildren to Help Buy Homes
A national survey commissioned by Better Homes and Gardens® Real Estate has found that baby boomers are part of a growing trend in which they are helping their children or grandchildren become home buyers. According to the survey, one in five baby boomers have already gifted, loaned or co-signed a loan to support their children or grandchildren in purchasing a home, and more than two-thirds of baby boomers want to provide this type of support in the future. "With historically low interest rates and competitive listing prices, now is a great time to invest in real estate for those in a position to do so. However, in today's economy saving money for a down payment can be a struggle for young adults. Baby boomers are a unique generation that has driven the economy for the past 30 years. Our data shows that they...
