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Among homebuyers who made a down payment, 23 percent of those 37 and younger used a gift and 6 percent a loan from family or friends, according to the 2018 National Association of Realtors Home Buyer and Seller Generational Trends Report. (Courier, file)


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How parents can help their grown kids own a home
A gift of up to $15,000 — whether cash or stocks — can be given this year without filing the IRS gift tax return form

When responsible, first-time homebuyers need help buying a home, the family bank sometimes can lend a hand.

By Associated Press April 13, 2018