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Multi-Generational Homebuying Hit a Record High – Here’s Why
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Multi-Generational Homebuying Hit a Record High – Here’s Why - Silicon Valley Real Estate News
Multi-generational living is on the rise. According to the National Association of Realtors (NAR), 17% of homebuyers purchase a home to share with parents, adult children, or extended family. That’s the highest share ever recorded by NAR (see graph below): And what’s behind the increase? Affordability. NAR explains: “In 2024, a notable 36% of homebuyers cited “cost savings” as the primary reason for purchasing a multigenerational home—a signifi…
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