They make a house a home.
They make a house a home.
Our homes and our families are not the same but are like a quilt,
pieced together with love.
Aren’t we lucky?
Multigenerational homes are coming back in a big way! In the 1950s, about 21%, or 32.2 million Americans shared a roof with their grown children or parents. According to a recent Pew Research Center report, the number of multigenerational homes dropped to as low as 12% in 1980 but has shot back up to 19%, roughly 60.6 million people, as recently as 2014.
Multigenerational households typically occur when adult children (over the age of 25) either choose to, or need to, remain living in their parent’s home, and then have children of their own. These households also occur when grandparents join their adult children and grandchildren in their home.
According to the National Association of Realtors’ (NAR) 2016 Profile of Home Buyers and Sellers, 11% of home buyers purchased multigenerational homes last year. The top 3 reasons for purchasing this type of home were:
Donna Butts, Executive Director of Generations United, points out that,
“As the face of America is changing, so are family structures. It shouldn’t be a taboo or looked down upon if grown children are living with their families or older adults are living with their grown children.”
For a long time, nuclear families, (a couple and their dependent children), became the accepted norm, but John Graham, co-author of “Together Again: A Creative Guide to Successful Multigenerational Living,” says, “We’re getting back to the way human beings have always lived in – extended families.”
This shift can be attributed to several social changes over the decades. Growing racial and ethnic diversity in the U.S. population helps explain some of the rise in multigenerational living. The Asian and Hispanic populations are more likely to live in multigenerational family households and these two groups are growing rapidly.
Additionally, women are a bit more likely to live in multigenerational conditions than are their male counterparts (20% vs. 18%, respectively). Last but not least, basic economics.
Carmen Multhauf, co-author of the book “Generational Housing: Myth or Mastery for Real Estate,” brings to light the fact that rents and home prices have been skyrocketing in recent years. She says that, “The younger generations have not been able to save,” and often struggle to get good-paying jobs.
Multigenerational households are making a comeback. I know this is true since I am one such family. While it is a shift from the more common nuclear home, these households might be the answer that many families are looking for as home prices continue to rise in response to a lack of housing inventory.
There are big moments in life that stick in our memory, but there are also sweet, quiet, and precious moments that linger on the mind long after their time. A smile, a hug, the sweetness of a grandchild. These are the moments I live for.
One of the best thing about being a REALTOR is the opportunity to help people you really love. I had the pleasure of helping my neighbor sell his home of 57 years (original owner) as he moves forward into a new adventure with his life. We were blessed to have Keat as our neighbor and will miss him very much. But, a sweet young couple now takes over to care for a home well loved. While I believe in treating all of my clients like family, Mr. Keat is a special person who I love dearly. This was a good week.
I am grateful for rainy nights (like tonight), a roof over my head to keep me dry, and a lovely family to share a delicious dinner filled with laughter and talk. Turning off the television, losing lights, just taking a moment from social media is refreshing to this busy REALTOR. These are the moments I live for. I wish them for you too.