Press release
Realtor.com® Survey: The Hot Wedding Gift This Season? Money, to Buy a House
Eighty percent of recent wedding registry creators say that if they were to do it again, they'd include an option for people to gift money toward a new home
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[{"type":"text","content":"Eighty percent of recent wedding registry creators say that if they were to do it again, they'd include an option for people to gift money toward a new home\nSANTA CLARA, Calif., June 28, 2023 /PRNewswire/ -- Crock pots and matching linens are out and down payments are in, according to a new survey from Realtor.com® and Censuswide. The research finds that newlyweds would rather gift-givers skip traditional presents in favor of financial gifts toward the purchase of a home, but many feel obligated to register for traditional gifts they don't want.\nAmong those surveyed who have created a wedding registry in the last 24 months, 85% say they would have preferred to have received money toward a down payment on a home, rather than a physical gift. If they could do it again differently, they would – 80% say that if they were creating a gift registry today, they would include an option for people to gift them money toward home buying expenses, such as a down payment, a mortgage payment or closing costs.\nBut despite the desire for financial gifts to be used toward a home purchase, both newlyweds and gift givers are stuck in a traditional gift-giving cycle.\nPeople are registering for – and giving – gifts they don't want out of obligationEighty-two percent of those surveyed who've recently created a wedding registry say they felt obligated to register for traditional gifts, such as home furnishings, dishware, etc., with 53% saying they felt very obligated to register for traditional gifts.\nThis is causing most (88%) of those surveyed who've recently created a wedding registry to register for gifts they didn't really want:\n46% registered for gifts they didn't want because they felt obligated to have traditional gifts on their registry40% registered for gifts they didn't want because their fiancé/spouse wanted them35% registered for gifts they didn't want, but planned to return them for money to use on what they really wantThe obligation to traditional gifting goes both ways:\n80% of those who've recently created a wedding registry say they've felt obligated to buy a traditional gift for a wedding they attended70% say they would prefer to buy a traditional gift for a wedding they attendTimes, they are-a-changinSeventy-two percent of those surveyed who've recently created a wedding registry included options on their registry for people t...