The Growing Importance of the Bank of Mom & Dad

According to a Senior Economist at Zillow and data from the Federal Reserve Board’s 2014 Survey of Household Economics and Decisionmaking (SHED), the Bank of Mom and Dad is increasingly open for business – and is increasingly necessary – for younger homebuyers looking to secure a down payment, particularly for middle-income households.

Read more about this topic at: http://www.zillow.com/research/down-payment-help-parents-11018/