Buyers Are Increasingly Shopping for Multigen Homes

magazine.realtor – excerpt

The number of home shoppers buying a multigenerational home since the pandemic has risen to a nine-year high of 15%, according to data from the National Association of REALTORS® dating back to 2012. That means home shoppers are looking for larger homes that can accommodate more family members living under one roof.

The top reason to buy a multigenerational home is for aging parents to move in and for younger family members to take care of that aging parent or to spend more time with them.

“While the concern of COVID-19, loneliness, or child care needs may have driven the change, the new paradigm may be here to stay,” writes Jessica Lautz, NAR’s vice president of demographics and behavioral insights at the association’s Economists’ Outlook blog…(more)

KTVU2 ran a story on April 8 about this, but, can’t find the link, so, this on, post March 3, 2021 covers the subject. There is an uptick on buying larger homes with plans for ADUs.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s