{"id":237367,"date":"2022-11-18T03:02:45","date_gmt":"2022-11-18T03:02:45","guid":{"rendered":"https:\/\/mbaresidential.com\/real-estate-news\/more-people-are-finding-the-benefits-of-multigenerational-households-today\/"},"modified":"2022-11-18T03:02:45","modified_gmt":"2022-11-18T03:02:45","slug":"more-people-are-finding-the-benefits-of-multigenerational-households-today","status":"publish","type":"post","link":"https:\/\/mbaresidential.com\/real-estate-news\/more-people-are-finding-the-benefits-of-multigenerational-households-today\/","title":{"rendered":"More People Are Finding the Benefits of Multigenerational Households Today"},"content":{"rendered":"<div>\n<p><img decoding=\"async\" width=\"358\" src=\"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/11\/16121319\/more-people-are-finding-the-benefits-of-multigenerational-living-KCM-549x300.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"More People Are Finding the Benefits of Multigenerational Households Today | Simplifying The Market\" loading=\"lazy\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" srcset=\"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/11\/16121319\/more-people-are-finding-the-benefits-of-multigenerational-living-KCM-549x300.jpg 549w, https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/11\/16121319\/more-people-are-finding-the-benefits-of-multigenerational-living-KCM.jpg 750w\" sizes=\"(max-width: 549px) 100vw, 549px\"><\/p>\n<p>If you\u2019re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The <a href=\"https:\/\/www.pewresearch.org\/fact-tank\/2022\/07\/20\/young-adults-in-u-s-are-much-more-likely-than-50-years-ago-to-be-living-in-a-multigenerational-household\/\"><em>Pew Research Center<\/em><\/a> defines a multigenerational household as a home with two or more adult generations. And the number of individuals choosing multigenerational living has increased over the past 50 years.<span id=\"more-47472\"><\/span><\/p>\n<p>As you consider this option for your own home search, know it could help you on your <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/10\/24\/pre-approval-is-a-critical-first-step-on-your-homebuying-journey\/?a=41296-12efd703c6d007db7de8135b0606963b\">homeownership journey<\/a> and provide you with other incredible benefits along the way.<\/p>\n<h4><strong>Living with Loved Ones Could Help You Achieve Your Homeownership Goals<\/strong><\/h4>\n<p>There are several reasons people choose to live in a multigenerational household, and for many, the arrangement is a personal one. But according to the <a href=\"https:\/\/www.pewresearch.org\/social-trends\/2022\/03\/24\/financial-issues-top-the-list-of-reasons-u-s-adults-live-in-multigenerational-homes\/\"><em>Pew Research Center<\/em><\/a>, the top reason people choose to live together today is financial.<\/p>\n<p>A <a href=\"https:\/\/www.freddiemac.com\/research\/insight\/20220908-co-borrowing-rise-first-time-homebuyers\">recent study<\/a> from <em>Freddie Mac<\/em> also finds more people are choosing to buy a home together so they can save money in the homebuying process. As the study says:<\/p>\n<blockquote>\n<p><em>\u201c. . .<strong> an<\/strong> <strong>increasing percentage of young adult first-time homebuyers are relying on support from older generations, including their parents, to buy a home together.<\/strong>\u201d<\/em><\/p>\n<\/blockquote>\n<p>For these individuals, combining their resources can help them achieve their dream of buying and owning a home. By pooling their incomes together to make that purchase, they may be able to afford a home they couldn\u2019t on their own.<\/p>\n<h4><strong>Other Key Benefits of Multigenerational Living <\/strong><\/h4>\n<p>Not to mention, living in a home with loved ones can have other benefits too, like giving you more quality time to spend together. Darla Mercado, Certified Financial Planner and Markets Editor for <em>CNBC.com<\/em>, <a href=\"https:\/\/www.cnbc.com\/2022\/10\/19\/multigenerational-hispanic-households-feel-rising-economic-pressure.html\">explains<\/a> how this living arrangement can help on a <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/10\/17\/the-emotional-and-non-financial-benefits-of-homeownership\/?a=41296-12efd703c6d007db7de8135b0606963b\">personal<\/a> and financial level:<\/p>\n<blockquote>\n<p><em>\u201cResiding with relatives can offer advantages <strong>. . . you can pool multiple streams of income, for instance. And in households with young children, grandparents can pitch in with child care.<\/strong>\u201d<\/em><\/p>\n<\/blockquote>\n<p>If this sounds like a great option for you, it\u2019s important to work with a trusted real estate professional to discuss your needs. They can help you navigate the process to find the right home for you and your loved ones.<\/p>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>More people are discovering the benefits of multigenerational living. For the best information and help deciding what\u2019s right for your personal situation, let\u2019s connect and start the conversation today.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The Pew Research Center defines a multigenerational household as a home with two or more adult generations. And the number of individuals choosing multigenerational living has increased over the past 50 years. As you [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":237368,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","iawp_total_views":0,"footnotes":""},"categories":[6],"tags":[],"dipi_cpt_category":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>More People Are Finding the Benefits of Multigenerational Households Today &#183; MBA Residential<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbaresidential.com\/real-estate-news\/more-people-are-finding-the-benefits-of-multigenerational-households-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More People Are Finding the Benefits of Multigenerational Households Today &#183; MBA Residential\" \/>\n<meta property=\"og:description\" content=\"If you\u2019re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The Pew Research Center defines a multigenerational household as a home with two or more adult generations. And the number of individuals choosing multigenerational living has increased over the past 50 years. As you [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbaresidential.com\/real-estate-news\/more-people-are-finding-the-benefits-of-multigenerational-households-today\/\" \/>\n<meta property=\"og:site_name\" content=\"MBA Residential\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/MBAResidentialRealEstate\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-18T03:02:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/11\/16121319\/more-people-are-finding-the-benefits-of-multigenerational-living-KCM-549x300.jpg\" \/>\n<meta name=\"author\" content=\"Margaret Belmonte\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@NorthShore_Home\" \/>\n<meta name=\"twitter:site\" content=\"@NorthShore_Home\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Margaret Belmonte\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbaresidential.com\/real-estate-news\/more-people-are-finding-the-benefits-of-multigenerational-households-today\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbaresidential.com\/real-estate-news\/more-people-are-finding-the-benefits-of-multigenerational-households-today\/\"},\"author\":{\"name\":\"Margaret Belmonte\",\"@id\":\"https:\/\/mbaresidential.com\/#\/schema\/person\/e40ca55d43d636962f9057f74397f5be\"},\"headline\":\"More People Are Finding the Benefits of Multigenerational Households Today\",\"datePublished\":\"2022-11-18T03:02:45+00:00\",\"dateModified\":\"2022-11-18T03:02:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbaresidential.com\/real-estate-news\/more-people-are-finding-the-benefits-of-multigenerational-households-today\/\"},\"wordCount\":393,\"publisher\":{\"@id\":\"https:\/\/mbaresidential.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbaresidential.com\/real-estate-news\/more-people-are-finding-the-benefits-of-multigenerational-households-today\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbaresidential.com\/wp-content\/uploads\/2022\/11\/more-people-are-finding-the-benefits-of-multigenerational-living-KCM-549x300-1.jpg\",\"articleSection\":[\"Real Estate News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbaresidential.com\/real-estate-news\/more-people-are-finding-the-benefits-of-multigenerational-households-today\/\",\"url\":\"https:\/\/mbaresidential.com\/real-estate-news\/more-people-are-finding-the-benefits-of-multigenerational-households-today\/\",\"name\":\"More People Are Finding the Benefits of Multigenerational Households Today &#183; 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