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Honolulu Star-Advertiser/Raleigh News & Observer
For years now, multigenerational living has been gaining traction.
From 1971 to 2021, the number of people living in multigenerational households quadrupled, reaching 59.7 million, according to a Pew Research Center survey.
Experiences vary greatly by age and income. But the surge has largely been fed by social forces, experts say, including the rapid growth of the U.S. Asian and Hispanic populations who, along with Black Americans, are more likely to live with extended family.
In 2023, multigenerational buying was back near an all-time high at 14% — up from 11% year-over-year — according to the National Association of REALTORS® Profile of Home Buyers and Sellers.
It shows "no sign of peaking," said Jessica Lautz, the association's deputy chief economist.