FOCUS, Matheny: Gen Xers are driving trend of multi-generational housing
Via Digit Matheny, contributing editor | This Is Us. Jane the Virgin. Black-ish. What do they have in common? They are all family television programs that have members of multiple generations living under one roof. But the reality of multi-generational living is more than sitcom fodder.
According to the 2019 Home Buyer and Seller Generational Trends report by the National Association of REALTORS® (NAR), multi-generational housing continues to be a growing trend among homebuyers. This trend is driven largely by Gen Xers, who are the second-largest band of homebuyers today at 24%. Of that cohort, one in six purchased a multi-gen home, half of whom cited accommodating adult children as their reason for doing so.
When it comes to millennial buyers, 9 percent purchased a multi-generational property they could share with aging parents, per the report.
Recent Comments