The housing market has cooled less than expected as inventory is limited, and prices remain high. Today we explore how to take advantage of your existing investments, and which accounts to use to assist your children buy their first-time home. As well we discuss best practices for young people trying to save for that new home.
Key points:
(00:54): What’s happening in the housing market?
(02:02): Helping your kids with their first home?
(02:19): Which account should that money come from?
(04:25): What else are we seeing parents help their kids with?
(05:42): Where should your kids be saving?
(07:42): How does the new First Home Savings Account work?
(10:01): How to make the FHSA work to your advantage
