Posted To: MND NewsWire

Whether or not it was another biproduct of the pandemic, The National Association of Realtors® (NAR) said the popularity of multigenerational homes increased last year. Homes that will house adult siblings, adult children, parents, or grandparents were purchased by 18 percent of homebuyers between the ages of 41 to 65. Those aged 75 to 95 were the second most likely to purchase a multigenerational home. This is among the key findings of NAR’s annual Home Buyer and Seller Generational Trends Report derived from a survey of persons who had purchased a home over the prior 12 months. “There are a variety of reasons why large families and extended families are opting to live together , one of which is that it’s a great way to save money,” said Jessica Lautz, NAR’s vice president of demographics…(read more)

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Published On: March 17, 2021 / Categories: Mortgage News /