Why More Families Are Buying Homes Together (And Should You)

Are you feeling the squeeze of today's housing market? If that's a yes, you are far from alone. In fact, 17% of home buyers today are choosing to purchase a home with family. That's the highest level ever recorded by the National Association of Realtors. So what's driving this shift and could this be a good option for you? Let's break it down.

Multigenerational living simply means buying a home with family, whether it's your parents, adult children or extended relatives. While caregiving for aging parents has traditionally been a big reason for this trend, there's a new driving force behind it today. Affordability. With the state of home prices and mortgage rates pulling resources allows families to split costs from the mortgage itself to utilities and maintenance.

That means you may be able to afford a bigger home, better amenities and a location that may have otherwise been out of reach on your own. So if you're feeling stretched by today's housing market or simply want to stay closer to loved ones, a multigenerational home could be a solution to consider. Reach out and let's have a conversation about your options.