Hottest trend in housing

By
Real Estate Agent with RE/MAX Unlimited Real Estate

Families are coming back together again!  Experts say with life expectancies increasing, baby boomers retiring, and the shift in the economy we are seeing a nationwide shift in the reuniting of extended families.  Many people are faced with the rising cost of caring for aging parents and/or childcare for dual-income homes.  Healthcare costs are rising and many retirees simply do not have enough saved for retirement and private living.  In addition, '20-somethings' are living home longer or boomerang back and forth.

I am currently seeing the trend in my own business as I am working with both buyers desiring such an arrangement and sellers who have successfully consolidated households.

While this living situation may not be for everyone, many are exploring the option.  Those who have made the shift are benefiting from many positives such as stronger family bonds, generations caring for one another, and shared living expenses easing financial burdens.

 

 

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Rainmaker
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Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

It's just a matter of cost. As taxes get high, and the prices of homes do also, it's harder for families to afford a home of their own.

Aug 06, 2009 03:10 PM #1
Rainmaker
841,766
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Wendy - I have worked with several clients who are in situations like you mentioned.  There are some who are looking to buy a larger home because their child is moving back home, and others who are having their parents move in with them.  I think a lot of it is a matter of convenience, as well as saving money.  When you are caring for your parents, it's much easier if both husband and wife work, to have them living at your home instead of somewhere else, where you may have to visit constantly.  I think it's great, because it shows that we are taking care of our families.

Sep 03, 2009 08:42 AM #2
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Rainmaker
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Wendy Benedict

Lehigh Valley, PA Real Estate
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