‘Nepo-buyers’ are America’s new class of homeowners, thanks to parents

An American housing market “crisis” has some first-time homebuyers turning to the bank of mom and dad to help them achieve the rite of passage. Enter “nepo-buyers,” who can be described as adult children utilizing either gifted down payments, mortgage co-signs or entire homes and condos from their families. “Rising home prices, higher interest rates, higher cost […]