Simplifying the Market™
As loved ones start to get older, we start to wonder: how long will they be able to live alone? Will they need someone there to help them with daily life? There’s a reason to ask those questions now more than ever, as the average age in the U.S. is 78 years old! As a result, 41% of Americans in the market are searching for a home that can accommodate a multigenerational family.
The graph below shows the number of people by generation that purchased a multigenerational home because they will either be taking care of an aging parent or they just want to spend time together.
Of those buyers, 26% indicated they will be taking care of an aging parent, and 14% said they want to spend time with an aging parent. These numbers do not come as a surprise. According to Pew Research Center, 64 million Americans (20% of the population) lived in a multigenerational household in 2016 (Last numbers available).
An increasing number of studies affirm the benefits of being part of a multigenerational household. These benefits aren’t just for the grandchildren, but for the grandparents as well. According to these two resources:
The University of Oxford
“Children who are close to their grandparents have fewer emotional and behavioral problems and are better able to cope with traumatic life events, like a divorce or bullying at school”.
Boston College
“Researchers found that emotionally close ties between grandparents and adult grandchildren reduced depressive symptoms in both groups”.
This research gives helpful insight into why 41% of Americans are in the market to buy a multigenerational home.
Bottom Line
If you have a home that could accommodate a multigenerational family and are thinking about selling, now is the perfect time to put it on the market! The number of buyers looking for this type of home will only continue to increase.
Content previously posted on Keeping Current Matters
Who do you know that is thinking of selling their home?
They can get the free SOLD Seller’s Guide delivered in the mail
– request it at: https://tnrealestatelistings.com/sellers
Who do you know who is looking to buying a home?
They can get the free Buyer’s Guide at: https://tnrealestatelistings.com/buyers
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Renee Harrington
Realtor (Since 2003)
Buyer’s Agent (♥ 1st Time Home Buyers), Relocation, Listing Agent, New Construction.
As an agent at Cope & Associates Realty and Auction, LLC 615-384-7500
Renee offers old fashioned customer service, using leading edge technology.
Call me! I’m at your service!! 615-943-7384 Cell
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Thinking of selling your home?
Request a free SOLD Seller’s Guide
in the mail – request it at: https://tnrealestatelistings.com/sellers
Thinking of buying a home?
Request a free Buyer’s Guide at: https://tnrealestatelistings.com/buyers
Realtor Since 2003 – Renee offers old fashioned customer service, using leading edge technology.
Specialties:
Listing Agent
Buyer’s Agent (♥ 1st Time Home Buyers & Relocation )
New Construction
Call me! I’m at your service!!
Renee Harrington | Realtor
Aspire Realty LLC| 615-212-5076 Office
Facebook:https://www.facebook.com/TNRealtorRenee/
Instagram: https://www.instagram.com/TNRealtorRenee/
Search Current MLS Listings and setup auto notifications
to receive new listings within an hour of hitting the market on my
website at: https://tnrealestatelistings.com/property-search/
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