Ponder that, between 1971 and 2021, the population residing in multigenerational family homes, often spanning three to four generations, surged to nearly 60 million individuals, marking a fourfold increase. According to Pew Research Center, the proportion of the American populace inhabiting such households more than doubled, reaching 18%.
Buying or creating multi-generational homes is a trend many Americans are considering nowadays. Learn more about what constitutes a multi-generational home, the benefits and drawbacks of living in a multi-generational home, how to convert your home for multi-generational living, and financing options to pursue if you are determined to own one by reading my newest story for The Mortgage Reports, available here.
