Great insight from our teammate Sophie Berglund on the growing impact of family gifting as a tool for Millennials and Gen Z buyers to combat housing unaffordability.
We’ve written in the past about unaffordability in US Housing prices due to persistent undersupply of homes and higher borrowing costs. While there are many ways to structure a joint home purchase, Millennial and Gen Z home buyers and their families are increasingly turning to gifting as a strategy to bridge the gap. Other ways parents can assist their children with real estate purchases include co-signing the mortgage, loaning the down payment, buying the property with intent to gift to children down the road, or utilizing a Qualified Personal Residence Trust. https://lnkd.in/gHusyqxE. Advisory Services offered through Peak Asset Management, LLC, an SEC registered investment advisor. This is not an offer to buy or sell securities. This company profile is for informational purposes only and its contents should not be construed as a recommendation nor an endorsement of Peak Asset Management. The information contained herein cannot, and should not, be used in making investment decisions. Investors should carefully consider the investment objectives, risks, charges and expenses associated with any investment.
