Gen Xers seek multi-generational homes
As their adult children move back home (or not leave at all), Generation X is adjusting by purchasing multi-generational properties.1 Numbers from the 2019 Home Buyer and Seller Generational Trends study:
- Gen Xers are the most likely to buy a multi-generational home – one in six made the purchase.
- Fifty-two percent of Gen X buyers said the presence of their adult children was the #1 reason they bought a multi-generational home.
- Meanwhile‚ older Millennials are buying multi-generational homes to care for parents (33%) or spend more time with mom and dad (30%).
As the #1 mortgage company in Greater Lexington for 17 consecutive years‚ Capstone is here to provide guidance and support. Please contact me if you have questions.
1“Gen Xers’ adult children influence their buying decisions‚ younger Millennials become buying force according to REALTOR® Report‚” National Association of REALTORS®‚ last updated April 1‚ 2019.
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