How Parents Can Help Their Children Buy A Home
Younger, first-time homebuyers are an increasingly rare sight in the current housing market. The homeownership rate for the 35-and-under crowd fell to a 22-year low in the second quarter, according to the Census Bureau. A bounce might loom on the horizon as lenders start to loosen credit and underwriting requirements. Even with a broad thaw, it'll still be tough for many first-time buyers to build the credit and liquidity needed to secure home financing.
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