Millennials are slowly buying homes, and many are getting help from mom and dad. According to recent research by loanDepot, 17% of parents of 18-35-year-olds expect to help their children to buy a home in the next five years, an increase of 30% over the last five years. The majority will help with down payments, but others expect to let their kids live with them to help save money. (We’ll be exploring Millennial home ownership even further in our upcoming Quarterly report!) (Time)
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