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American households are becoming one big family.
Fifteen percent of homebuyers have been buying multigenerational homes since the pandemic started, according to a new report by the National Association Realtors (NAR). That’s the highest multigenerational homebuying rate since NAR began tracking the metric nine years ago, in 2012, following the Great Recession, when many families began combining households.
Back then, 14% of homebuyers were buying multigenerational homes before it dipped down to 11% a few years later. The percentage has now upticked to its record high of 15% as a consequence of pandemic life, per details ⇒
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