The History of MultiGenerational Homes in the U.S.

Reblogger Sally K. & David L. Hanson
Real Estate Agent with EXP Realty 414-525-0563 57026-90 Broker

MultiGenerational Homes are "not news" as Debb Janes EcoBroker and Bernie Stea JD  points out...they have carved this niche in their market and it has served them well. It may give other agents pause to consider this for prospering their practice in  their own markets,

 

History of the MultiGen Homes in America 

 

Many people think the idea of Multigenerational living in the US is a new trend. That’s simply not the case. In the early 1900’s it was quite common for older adults to live with their adult children and grandchildren. According to Forbes, in 1940, about one quarter of Americans lived in a home shared with three or more generations. However, after the WW11, the American family household shifted as returning war veterans built suburbs. The norm for American family lifestyles in the 1950’s was mom and dad living in a home with their minor children. Aging adults were also likely to live in a home by themselves. Therefore, the percentage of multi-gen households declined, and continued declining, reaching a new low of 12% by 1980. 

 

It’s no surprise that during the 2007-2009 recession, when high unemployment rates pushed many adult children back home, the number of multi-gen households increased dramatically. What is surprising though, is that the trend is continued to grow, even though an improved economic climate made it feasible for people to strike out on their own. And to date, the trend shows no sign of abating. 

 

The latest stats we have for multi-gen households are from 2016, when Pew Research released a study from an analysis of Census data. They found a record 64 million people, or 20% of the US population, living in a multigenerational home. The trend is still growing too, and it’s growing among nearly all racial groups. Among this multi-gen population, 28% are Asians, both Hispanics and blacks count for 25%, and whites comprise 15%. However, each group has seen an increase of two percentage points since Pew’s 2009 data. 

 

Motivation for Living in a Multigenerational Home



Why do people choose to live in a shared home with other adult family members? The answers vary; cultural, economic, health support, strengthened family bonds, security, and the list goes on. What we do know, the trend is not likely to be reversed. If you’d like to learn more about this lifestyle option, or find a multigenerational home, call us today. We also live in a multi-gen home and enjoy helping other families learn more about this rewarding lifestyle.  We are proud to be the only Real Estate professionals who specialize in Multigenerational Homes and Lifestyles in Clark County, WA.  

 

Related Articles: 

Misconceptions about MultiGenerational Lifestyles

What Defines a MultiGen Home? 

The MultiGenerational White House - First Families Who Lived with the In-laws


MultiGen Homes and Lifestyles - Some Basic Guidelines 

 

 

ViewHomes™ grew out of our passion for nature, beautiful surroundings, and peaceful environments. Starting together in an urban environment, over the years we've gravitated towards areas with smaller populations and less density. We now enjoy our lifestyle in a rural environment, but with close proximity to metropolitan areas where we appreciate all the amenities of fine restaurants, shopping, and an easy drive to an international airport.
Living in ViewHomes™ is like having “elbowroom for the soul”.

 

360-608-4900 

info@natureasneighbors.com
 

                                                                             

 

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Rainmaker
3,202,154
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Sally and David,  Debb is the mother of selling these and make us all more aware of them.  I have talk to 4 custom builders and they are thinking about it.

 

Jan 27, 2019 04:01 PM #1
Ambassador
3,112,611
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

This has become a great niche market for Debb Janes EcoBroker and Bernie Stea JD. I appreciate your re-blog!

Jan 27, 2019 09:31 PM #2
Rainmaker
2,942,345
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Sally,

My mother-in-law is going downhill fast.  It's only a mater of time.

Jan 28, 2019 01:43 AM #3
Rainmaker
4,432,217
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for reblogging the post. I missed reading the original one 

Jan 28, 2019 03:43 AM #4
Rainmaker
4,797,386
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for the re-blog.  This is going to be more prevalent as home prices become more expensive and less affordable for many.

Jan 28, 2019 04:36 AM #5
Rainmaker
5,422,476
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much for sharing this excellent reblog selection.

Jan 28, 2019 06:28 AM #6
Rainmaker
2,578,382
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Great choice for a reblog, I always enjoy reading the posts from Debb Janes EcoBroker and Bernie Stea JD and when I think of Mult-Gen homes, I always think of them.

Jan 28, 2019 06:37 AM #7
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Wonderful choice for a re-blog, Sally! I read this one and do agree that many do not understand this market. Like Debb, I see a lot of this in my market and do enjoy the search for the perfect multi-generational home for clients.

Happy Monday!

Jan 28, 2019 06:44 AM #8
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I'm so appreciative of your support for this niche, and for the reblog. You're so right, it would be a smart niche for agents to consider... ;) 

Jan 28, 2019 07:38 AM #9
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Sally K. & David L. Hanson

WI Realtors - Luxury - Divorce
For All Things Wisconsin Real Estate...Call the Hansons
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