‘Optimistic’ First-Time Homebuyers Open to New Paths to Homeownership, According to TD Survey
In Mount Laurel, New Jersey, affordability challenges are leading potential homebuyers to make notable sacrifices in their journey towards homeownership. A recent survey by TD Bank U.S. reveals that individuals intending to buy their first home in 2026 are facing significant pressures. The study found that 74% of respondents would be open to utilizing a 50-year mortgage if it was an option. Additionally, a considerable portion of younger millennials (78%) and Gen Z respondents (74%) expressed willingness to dip into their 401(k) savings to aid in purchasing their initial property.
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