Homebuyers With Kids Are Twice as Likely to Get Family Help for Down Payments Than Those Without Kids
Redfin's recent survey reveals that homeowners with children are significantly more likely to receive family financial assistance for housing costs. 25% of recent homebuyers with kids received family gifts for down payments, compared to 12% without kids. Similarly, 17% of homeowners with children get help with mortgage payments versus 8% without kids.
The survey shows that homeowners with kids are more likely to pursue various payment methods, including side hustles (23% vs 12%) and early retirement fund withdrawals (14% vs 9%). They also prioritize larger homes with more features, with 68% considering indoor space a 'must-have' compared to 60% of childless homeowners.
Un recente sondaggio di Redfin rivela che i proprietari di casa con bambini sono significativamente più propensi a ricevere assistenza finanziaria familiare per i costi abitativi. Il 25% dei recenti acquirenti di case con figli ha ricevuto regali dalla famiglia per il pagamento della caparra, rispetto al 12% di quelli senza figli. Allo stesso modo, il 17% dei proprietari di casa con bambini riceve aiuto per i pagamenti del mutuo contro l'8% di quelli senza figli.
Il sondaggio mostra che i proprietari di casa con bambini tendono a perseguire vari metodi di pagamento, comprese le attività secondarie (23% contro 12%) e i prelievi dai fondi pensione per il ritiro anticipato (14% contro 9%). Inoltre, danno priorità a case più grandi con più caratteristiche, con 68% che considerano lo spazio interno un 'must-have' rispetto al 60% dei proprietari senza figli.
Una encuesta reciente de Redfin revela que los propietarios de viviendas con niños son significativamente más propensos a recibir asistencia financiera de la familia para los costos de vivienda. El 25% de los recientes compradores de vivienda con hijos recibieron obsequios familiares para los pagos iniciales, en comparación con el 12% de aquellos sin hijos. De manera similar, el 17% de los propietarios de viviendas con niños recibe ayuda con los pagos hipotecarios frente a el 8% de los que no tienen hijos.
La encuesta muestra que los propietarios de viviendas con niños son más propensos a utilizar varios métodos de pago, incluyendo trabajos secundarios (23% contra 12%) y retiros anticipados de fondos de jubilación (14% contra 9%). También priorizan casas más grandes con más características, con 68% considerando el espacio interior un 'imprescindible' en comparación con el 60% de los propietarios sin hijos.
레드핀의 최근 설문조사는 자녀가 있는 주택 소유자가 주거 비용에 대해 가족의 재정 지원을 받을 가능성이 훨씬 더 높다는 것을 보여줍니다. 25%의 자녀가 있는 최근 주택 구매자는 자녀가 없는 구매자에 비해 12%가 부모에게서 계약금으로 가족 선물을 받았습니다. 비슷하게, 17%의 자녀가 있는 주택 소유자는 자녀가 없는 주택 소유자의 8%에 비해 주택 융자 상환에 도움을 받습니다.
이 설문조사는 자녀가 있는 주택 소유자가 부업 (23% 대 12%) 및 조기 퇴직자금 인출 (14% 대 9%)을 포함한 다양한 지불 방법을 추구할 가능성이 더 높다는 것을 보여줍니다. 그들은 또한 더 많은 기능을 갖춘 더 큰 집을 우선시하며, 68%는 실내 공간을 필수 요소로 고려하고, 자녀가 없는 주택 소유자의 60%와 비교됩니다.
Une enquête récente de Redfin révèle que les propriétaires ayant des enfants sont considérablement plus susceptibles de recevoir une aide financière familiale pour leurs coûts de logement. 25% des récents acheteurs de logements avec enfants ont reçu des cadeaux familiaux pour les apports, contre 12% sans enfants. De même, 17% des propriétaires avec enfants reçoivent de l'aide pour les paiements hypothécaires contre 8% sans enfants.
L'enquête montre que les propriétaires avec enfants sont plus enclins à explorer divers méthodes de paiement, y compris des activités secondaires (23% contre 12%) et des retraits anticipés de fonds de retraite (14% contre 9%). Ils privilégient également les maisons plus grandes avec plus de caractéristiques, 68% considérant l'espace intérieur comme un 'indispensable' par rapport à 60% des propriétaires sans enfants.
Eine aktuelle Umfrage von Redfin zeigt, dass Hausbesitzer mit Kindern erheblich wahrscheinlicher finanzielle Unterstützung von der Familie für Wohnkosten erhalten. 25% der aktuellen Hauskäufer mit Kindern erhielten Familient Geschenke für Anzahlungen, verglichen mit 12% ohne Kinder. Ebenso erhalten 17% der Hausbesitzer mit Kindern Hilfe bei den Hypothekenzahlungen im Vergleich zu 8% ohne Kinder.
Die Umfrage zeigt, dass Hausbesitzer mit Kindern eher verschiedene Zahlungsmethoden anstreben, einschließlich Nebenjobs (23% gegenüber 12%) und vorzeitige Abhebungen aus Rentenfonds (14% gegenüber 9%). Sie priorisieren auch größere Häuser mit mehr Annehmlichkeiten, wobei 68% den Innenraum als 'Must-Have' betrachten, verglichen mit 60% der kinderlosen Hausbesitzer.
- Higher-income demographic: 65% of respondents with kids earn $50,000+ vs 42% without kids
- Growing market for multi-generational homes, potentially expanding Redfin's market opportunities
- 50% of homeowners with kids struggle to afford housing payments
- Higher risk of default due to reliance on family assistance and alternative funding sources
Insights
Homeowners with kids living under their roof are much more likely to receive help from family with down payments and/or monthly mortgages than their no-kids counterparts, according to a recent Redfin-commissioned survey. That’s partly because they’re buying bigger, more expensive homes.
Homeowners with kids living under their roof are also more likely to receive family help for mortgage payments. One in six (
Receiving family money is just one way people reported paying their housing expenses. Redfin also asked respondents about a number of other methods people commonly use to pay their mortgage. Homeowners with kids at home were more likely than those without kids to use nearly every method listed; that list can be found in the full report. They’re twice as likely to work a side hustle (
There are several reasons people with kids may be more likely to receive help from family with their down payments and/or mortgage payments:
-
People with kids are more likely to buy larger homes with more features and neighborhood amenities, which cost more money.
68% of respondents with kids said indoor space is a “must have” they’d be unwilling to trade off for affordability, compared to60% of those without kids. In fact, people with kids were more likely than people without kids to rate each of the 19 features we asked about as a “must have.” That includes things like proximity to highly rated schools and grocery stores, space to work from home and homeschool children, and low climate risk. It’s worth noting that people with kids tend to earn more money, which could be one reason they have bigger lists of must-haves. Roughly two-thirds (65% ) of respondents with kids earn$50,000 42% of those without kids. - Parents may be more likely to provide financial help when it benefits both their children and grandchildren. Redfin Chief Economist Daryl Fairweather said it makes sense that parents are more likely to help their kids pay for housing when doing so also provides their grandchildren with a safe, secure place to live. They are helping multiple family members, including children who have no economic means to better their housing situation, Fairweather said.
-
Homeowners with kids under their roof tend to be younger than those without. Nearly 7 in 10 (
67% ) of respondents with kids are Gen Zers or millennials, compared to25% of respondents without kids. Younger people are probably more likely to ask for—and receive—help from their parents.
Redfin agents also report that multi-generational homes are becoming more common as it gets more expensive to buy homes. The financial help can go both ways: Older parents helping their grown children and/or adult children helping their parents.
“Monthly costs are so high these days that I’m trying to find big homes for a lot of multi-generational families,” said Julie Zubiate, a Redfin Premier agent in the Bay Area. “A lot of clients who work in tech are looking for homes with ADUs so their older parents can move in, or maybe it’s a Gen Xer looking for a home that’s big enough for their early-20s kids to live in.”
These survey findings are from a Redfin-commissioned survey conducted by Ipsos in September 2024, fielded to 1,802
To view the full report, including additional survey results and methodology, please visit: https://www.redfin.com/news/homebuyers-kids-family-help-survey/
About Redfin
Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than
Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@redfin.com. To view Redfin's press center, click here.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241219581532/en/
Contact Redfin
Redfin Journalist Services:
Isabelle Novak
press@redfin.com
Source: Redfin
FAQ
What percentage of RDFN homebuyers with kids received family help for down payments in 2024?
How many RDFN homeowners with children receive help with mortgage payments?
What percentage of RDFN homebuyers with kids work side hustles to afford housing?
How many RDFN homeowners with children consider indoor space a must-have feature?
