Multigenerational Homebuying Hits a Record High in 2024

Did you know nearly 1 in 5 homebuyers in 2024 purchased a multigenerational home? That’s the highest percentage ever recorded and it's a trend that continues to grow.

So what’s driving this shift? Rising home prices, high mortgage rates, and limited inventory are prompting more families to come together under one roof. But this isn’t just about necessity—it’s also about opportunity.

Why Are More Families Buying Together?
Multigenerational living typically means combining households with parents, adult children, or extended family. By pooling incomes and assets, buyers can:

• Qualify for a larger home

• Share monthly expenses like mortgage, utilities, and groceries

• Support aging parents or young adults starting out

• Create built-in childcare or eldercare options

It’s a smart, strategic way to make homeownership possible even in today’s competitive market.

Buying a Home Doesn't Have to Be a Solo Journey
Whether you're considering a multigenerational setup or just exploring your options, you don’t have to figure it out alone. I’ve helped families find creative solutions that work and I’d love to help you too.

Let’s chat about how your unique situation can turn into a smart real estate move. 📲 Reach out anytime.