Helping your kids buy their first home: Smart strategies for today’s market

Despite high housing prices, first-time homeownership remains achievable with smart planning and support. Encourage young adults to save early, use first-time buyer programs like tax-advantaged savings accounts and withdrawal plans, and consider family loans or co-signing with clear agreements. Early inheritance, joint property ownership, and creative options like smaller homes, rental income, or roommates can also help build equity and reduce costs. Education and strategic planning are key.