Housing market affordability is so strained that couples want down payment cash rather than a wedding gift

A couple in Florida used a "first home fund" created through their wedding registry to help them save for a down payment on their first home, overcoming challenges of affordability and competition in the housing market.

fortune.com

Relevant topic timeline:

9/3/2023

More unmarried couples are buying homes together. What to know before you do

More unmarried couples are becoming homeowners, making up 18% of all first-time homebuyers, up from 4% in 1985, but they should carefully consider financial implications and protect their investments through legal agreements before purchasing a property together.

9/12/2023

High Mortgage Rates Drive Gen Z to Side Hustles for Home Down Payments

Millennials and Gen Zers are turning to side hustles and creative strategies, such as wedding gift registries, to save for down payments on homes amidst rising mortgage rates and high home prices, according to a Redfin study. However, many in these generations still face challenges in envisioning homeownership due to the perception of expensive homes and the inability to save for a down payment.