As home prices rise, many modern couples prefer to receive cash as wedding gifts to assist with home purchases. A recent LendingTree survey revealed that nearly half of newlywed homeowners sought down payment help as a gift. Real estate experts suggest that this trend is driven by couples who often already cohabitate and possess standard household items. By using wedding gifts for down payments, couples can enter the housing market faster with less debt, adjusting traditional gift expectations to meet current financial needs.
"Most couples have already been living together by the time they get married, so they are less interested in registering for toasters and espresso machines, as they already have household items."
"With housing prices staying high, I think more couples may start looking at gift money as a way to get into their first home faster. It gives them a head start without taking on more debt."
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