Multigenerational homes building up market share

November 25, 2014

Multiple sources have reported a dramatic increase in the number of homebuyers purchasing multigenerational houses in the last several years. According to the 2013 Profile of Home Buyers and Sellers survey from the National Association of Realtors, 14 percent of recent buyers had purchased a multigenerational home.

Further research indicates that Baby Boomers ages 49 to 58 are the main segment purchasing multigenerational homes, with the overwhelming reason being children over 18 moving back home.

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