How a Return to Multigenerational Living is Shifting the Housing Market
CURBED
By Patrick Sisson
Donna Butts remembers one of the moments that sold her on the idea that there was a sustained rise in the number of multigenerational households. As executive director of Generations United, a nonprofit that promotes intergenerational living, she was called to do an interview on the topic for a Louisiana radio station a few years ago. The host seemed wedded to stereotypes: He’d never want his mother-in-law to move in, since she’d be intrusive and annoying, and adult kids living with their parents were strictly a sign of spoiled millennials.
About author
You might also like
Obama Cuts Mortgage Insurance Rates
In a move that is intended to help nudge the housing recovery along, the Obama Administration lowers FHA mortgage insurance rates from .85% to .5%. The White House anticipates that
Return of the First-Time Homebuyer?
Lawrence Yun, Chief Economist of the National Association of Realtors, sees 2015 as a potential turnaround point for the return of the first-time homebuyer. While the recovery thus far has
Millennials Want to Own Homes Too, If U.S. Economy Would Consent
Kelsey Marshall and her boyfriend Chris Eidam, both 27 years old, call the home-buying process “terrifying.” But they’re clear about one thing: It beats the heck out of renting.