Hello Real Estate Enthusiasts,
In today's ever-shifting real estate landscape, a heartening trend is making waves: baby boomers are stepping up to help millennials enter the housing market. With recent changes to the stress test and the specter of rising interest rates, generational transfers and the gifting of downpayments are taking center stage like never before.
Gifted Downpayments & Co-signing: As the real estate market faces new challenges, the power of generational support shines brightly. Baby boomers are gifting downpayments and co-signing loans, offering a lifeline to millennials who aspire to become homeowners.
What's Behind This Trend? Discover the reasons behind this surge in generational transfers and the impact it's having on real estate transactions in our latest YouTube video. We delve into the evolving dynamics, potential benefits, and what you need to know to navigate this changing landscape.
Watch Now: (The Bank of Mom and Dad)
In our video, we'll cover:
- Real-life stories of baby boomers and millennials collaborating for homeownership.
- Insights into how these strategies can mitigate the effects of stress tests and rising interest rates.
- Expert advice on making the most of generational support while preserving financial well-being.
Join us on (Robb Aishford Canmore/Cochrane Real Estate) for a deep dive into this inspiring and insightful discussion.
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Thank you for being part of our real estate community, where we believe in building bridges across generations to secure brighter futures in real estate.